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comment on additional insured / comments on auto renewal issue / NY license Webinar today March 6, 2018

KEN KIRSCHENBAUM, ESQ
ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE
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comment on additional insured / comments on auto renewal issue / NY license Webinar today
March 6, 2018
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WEBINAR:  New York Alarm license law changes - discussion on the Employee ID cards and more
When:  March 6, 2018 at 12 noon EST  TODAY
Where:  Your computer or internet connected device
Who should attend:  Alarm company owners, license holders, license compliance managers
Presenters:  Ken Kirschenbaum,Esq,  Alan Glasser, Ex Director of MBFAA, Jason Etter, NYSESA.  If you would like to be added as a presenter let me know well in advance.
Format:  Panel or round table discussion, depending on number of attendees.
Register:  register now to save your space.  Register here:  click here to register
https://attendee.gotowebinar.com/register/3854125094857183490
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comment on additional insured from February 19, 2018
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Ken
    I’d like to add a comment to Steve Regarding the cyber. 
     We would be happy to help you with your cyber needs.  The Security America program offers cyber coverage and is A rated.  Let me know how we can help!  You can contact myself or Rhett Butler at the contact info below.
Crystal Jacobs, RPLU
Vice President, US Risk (Partners with ESA & Security America)
866-315-3838
usrisk@securityamericarrg.com
www.securityamericarrg.com
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Response
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    The Standard Form Agreements deal with hacking and computer corruption.
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comments on auto renewal issue from February 23, 2018 article
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Ken, 
    I'm afraid you can't say that you don't know any company that complies with the notice provision for automatic renewal in NY anymore. I've been sending out certified mail renewal notices for over 30 years.  To me, it's a lot more valuable to me to bear the expense of certified mailings .... now .... than it is to have my agreements default to month to month. 
    I reason that, if I were to adopt the default to month to month option,  that eventually, just because it's "easier", ....... too many of my accounts would be month to month and if/when I decided to sell out, I'd have to go door to door, getting agreements signed which would be much harder and likely result in fewer people renewing. 
    I've often thought that you finally modified your agreements because most dealers never bothered to get their agreements renewed via certified mail and that is was in the best interest of those dealers that their agreements default to month to month rather than expire completely. So I can understand your reasoning. BUT ..... Certified mail notification ensures me of at least a one year renewal .... much more valuable to a buyer than month to month. I can schedule in my billing program to alert me when to send the renewal letters ...... and it's really not a big deal. 
    It's all a matter of paying attention and doing what's best for me in the long run. 
Gene 
Reliable Alarm 
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Response
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    Not only do you have to send the notice of renewal out by certified mail, or personal delivery, but you only have a 15 day window to send it out, and it can't be buried with other documents or added to your invoice.  It's a lot of work.  You need to retain proof of your compliance in case a buyer of your accounts wants to see it.
    There is no reason to auto renew for only one year.  If you're going to all this trouble to get a renewal you may as well look for a 3 to 5 year renewal.  A one year renewal isn't going to be worth much more than a month to month contract in renewal.  Best practice is to get a new contract signed when the term is coming to an end.  That causes interaction with the customer, gives you the opportunity to update the system, services and your contract. If you want to create and maintain the highest possible value for your alarm business then use the latest Standard From Agreements, keep them updated and get them signed.
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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