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CA license and insurance requirement April 29, 2017

KEN KIRSCHENBAUM, ESQ
ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE
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CA license and insurance requirement
April 29, 2017
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Two great Webinars added to our series "All you need to know about ...."  REGISTER BELOW

Title: All You Need to Know Before You Add DIY to Your Business
Title: All You Need to know about getting NICET certified
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CA license and insurance requirement
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    Not all state alarm license laws require any particular insurance.  So it is interesting that California has enacted an insurance requirement.  What's interesting is that it seems to apply only to Limited Liability Companies [LLC].  
    If the ACO [alarm company operator] is an LLC the LLC must maintain a general liability policy with limits of one million dollars.  If the LLC has more than 5 managing members the minimum insurance increases by $100,000 for each additional member, up to a maximum of 5 million dollars.  This is somewhat ambiguous because once you have 5 managing members it looks like it's $100,000 for each "member".  [it doesn't say managing members].  
    Here's another issue you should be aware of.  The insurance policy cannot name any other party as an insured, so you can't add an additional insured.  If you're a dealer and you have to indemnify your central station you won't be able to name the central station as an additional insured.  The policy does have to name the Bureau of Security & Investigative Services.
    Do business as a corporation and elect subchapter S when applying for your federal tax id.  That solves the insurance issue.  There is no insurance requirement for a corporation or doing business as a partnership [not advisable] or conducting business in your own name [definitely not advisable]. 
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WEBINARS:  Sign up for any or all of the webinars that interest you.
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FREE Webinar Series "All You Need To Know About" alarm industry issues. 
Register for one or all.  Each presentation scheduled for half hour to hour.  Not recorded.
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Title: All You Need to Know Before You Add DIY to Your Business
When: May 9, 2017 12 noon EST
What will be covered: This session will cover the basics of the DIY model, the critical factors of succeeding with a DIY business, the DIY customer and how the market has shifted over the last few years.
Who should attend: Alarm company owners, managers and those interested in DIY business model
Presented by: Megan McDonald, VP of Marketing, Alarm Capital Alliance and MyAlarm Center. 866-484-4800 x 8470   megan.macdonald@myalarmcenter.com 
Register here:  https://attendee.gotowebinar.com/register/1457595459244475906
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Title: All You Need to know about getting NICET certified
When: May 23,  2017 noon EST
Where: Your computer for power point, live video and call in on computer or phone
What will be covered:  Why you should get NICET certified and how to do it
Who should attend: Alarm company owners with technical skills, technicians
Presented by:  Bryan McLane, National Training Center, 4148 Mantle Ave., N Las Vegas, NV 89084. Direct phone 828-649-1337  Bryan@NationalTrainingCenter.net
Register here: https://attendee.gotowebinar.com/register/1545079201485816579
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THE ALARM EXCHANGE

alarm classifieds alarm security contractsThis area is reserved for alarm classifieds, alarm company announcements, solicitations, offers, etc. Those wishing to sell or buy; borrow or lend; dealer program or dealer; central stations; insurance brokers; business  brokers, insurance companies. Equipment to sell; looking for employees; subcontractors; mergers;

There is no charge to post a listing here.Include your contact information, phone, email and web site.  If you would like to submit a posting, please send an email to ken@kirschenbaumesq.com.  To create a reciprocal link to our website, click here.
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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
516 747 6700
www.KirschenbaumEsq.com
oovoo account: KenKirschenbaum