KEN KIRSCHENBAUM, ESQ
ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE
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Rick Gombar industry icon retires / register for licensing webinar
April 22, 2022
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Rick Gombar industry icon retires
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Not too many professionals servicing the alarm industry have obtained national recognition as an industry leader. Rick Gombar, who recently retired from the alarm industry tucked away comfortably on the West coast in LA, CA is one of them. Rick provided insurance to the alarm industry and risk management services, and he was good at it.
Entering the security industry in 1981, Rick was one of the three founding fathers of the then Los Angeles County Burglar & Fire Alarm Association (LABFAA), now known as GLASSA. Upon helping found the association, Rick served on the Executive Board of Directors as their first Secretary and Treasurer. In addition to his duties on the Board, Rick also chaired both the Insurance Committee and the Membership Committee.
As Insurance Committee Chairman, Rick's first challenge was to create a new General Liability and Errors & On1issions insurance program exclusively for the LABFAA Membership. Up until that time insurance companies had a reputation of entering the security marketplace only to abruptly pull their program after suffering a large loss. And, for the carriers who did offer coverage, their minimum annual premium was $5,000.00 which at the time was expensive for many small alarm dealers, so they did without the insurance protection. Rick looked into the matter and determined that insurance companies, and alarm dealers, could save lots of money on claims if they used proper contracts with the customers. Rick found a new carrier that was willing to develop underwriting guidelines that would, among other things, require alarm dealers and central stations to use approved subscriber contacts. Contract verbiage was approved and the underwriting guidelines were in place, and carriers were comfortable permitting Rick to negotiate significant reduction in policy premiums for policies with $5,000,000 aggregate on $1,000,000 single limit coverage, zero deductible, defense expenses outside policy limits, and unlimited additional insured certificates at no cost. The annual premium was only $1,200.00.
LABFAA approved the program and Rick publicized in the LABFAA trade magazine known as "The Ringer." The program was so popular the LABFAA grew to over 200 members, making it the largest alarm association in California. Word quickly spread to the other seven local alarm associations in California and before long all eight associations were using Rick's program as their number one membership benefit to attract members. Rick was granted the exclusive right to market the program nationwide and the only condition was that all applicants were required to use approved subscriber contracts and be a member in good standing of a professional alarm association. Rick contacted the National Burglar & Fire Alarm Association (NBFAA) who approved him as the NBFAA’s new Insurance Broker of Record. Rick, with NBFAA’s help, grew the program to include all 50 states, attracting a "Who's Who" of the security industry to the program.
Rick was also well known for his risk management skills warding off potential and actual claims against alarm companies, thus saving both alarm company and the E&O carriers the trouble of defending the claims. He utilized good strategy and knowledge of the law and alarm contracts to convince claimants that their quest for recovery against the alarm industry was futile. Rick also shared his knowledge, having contributed to and participated in countless local and state association conventions throughout the country as well as the ISC Shows; contributed periodic news articles for SD Magazine, Security Sales Magazine, AID Magazine all under his byline FYI (From Your Insurer).
Rick made a true contribution to the alarm industry regarding insurance and contracts.
In 2014 Rick merged his agency with Bolton & Company [listed on The Alarm Exchange], where he continued on for eight years as the Risk Manager and Claims Consultant Specialist.
Rick will long be remembered for his innovative and unique ability to ward off potential lawsuits and claims, his professionalism and his unconditional dedication to the alarm industry.
Lucky for us he isn’t gone. Rick can be reached at: rickgombar@yahoo.com and he will be delighted to hear from you.
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Webinar on assistance getting licensed
Webinar Title: Filing for and renewing your alarm license
Topic Details: Once you know where you need the license and what license you need, and you know you’re qualified, The Cmoor Group handles the minutia details filing for the license and has the software to monitor for renewal compliance.
When: May 3, 2022 at 12 PM ET
Presenter: Connie Moorhead, President of The CMOOR Group. connie@cmoor.com or call 502-254-1590, ext. 101
Hosted by: Ken Kirschenbaum,Esq
Who should attend: license holders, license compliance officers, owners, managers
Register Here: https://attendee.gotowebinar.com/register/8242655366269110283
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To order up to date Standard Form Alarm / Security / Fire and related Agreements click here: www.alarmcontracts.com
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CONCIERGE LAWYER SERVICE PROGRAM FOR THE ALARM INDUSTRY - You can check out the program and sign up here: https://www.kirschenbaumesq.com/page/concierge or contact our Program Coordinator Stacy Spector, Esq at 516 747 6700 x 304.
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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden City Plaza
Garden City, NY 11530
516 747 6700 x 301
ken@kirschenbaumesq.com
www.KirschenbaumEsq.com
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