KEN KIRSCHENBAUM, ESQ ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE You can read all of our articles on our website. Having trouble getting our emails? Change your spam controls and whitelist ken@kirschenbaumesq.com ****************************** Sign up for Group and Private Meetings in LV / confirming additional insured March 8, 2024 ********************************* Private and Group meeting schedule now available ********************************* Group Meetings: See schedule below. Reserve your spot by calling Stacy Spector at 516 987 8428. Private Meetings: Schedule a Private Meeting with Ken Kirschenbaum by calling Stacy Spector at 516 987 8428. Register for a Group Meeting by calling Stacy Spector at 516 987 8428 Schedule Private meeting with broker Rory Russell by calling Stacy Spector at 516 987 8428.
Group Meetings: Topics and Schedule Tuesday April 9. Group Meeting: 3:00 pm to 4:00 pm – Monetize on your monitoring accounts; new incentive program; learn how to get unheard of incentives from your central station or move to another one. Group meeting conducted by Ken Kirschenbaum.
Wednesday April 10. Group Meeting: 11:00 am to 12:00 pm - Selling and buying alarm accounts; Things to know. Group conducted by Ken Kirschenbaum.
Wednesday April 10. Group Meeting: 2:00 pm to 3:00 pm – State sales tax and complex company valuation. Group meeting conducted by Mitch Reitman of Reitman Consulting Group.
Wednesday April 10. Group Meeting: 3:00 pm to 4:00 pm – Central station – dealer relationship; contract issues; understanding the dealer agreement terms and why you need the K&K Rider. Group meeting conducted by Ken Kirschenbaum.
Thursday April 11. Group Meeting: 10:00 am to 11:00 am - Insurance for your alarm business – best options; availability, pricing and claims. Group meeting conducted by Shawn Iverson of The Insurance Center.
Thursday April 11. Group Meeting: 11:00 am to 12:00 pm – Contracts – which ones you need and why you need them. Group meeting conducted by Ken Kirschenbaum.
Thursday April 11. Group Meeting: from 3:00 pm to 4:00 pm - The Corporate Transparency Act. Group meeting conducted by Mitch Reitman of Reitman Consulting Group.
Private Meetings with Rory Russell of AFS: Schedule a private meeting with Rory Russell of Acquisition and Funding Services (AFS) to discuss buying or selling security, fire and integration business. Available times to meet with Rory Russell are as follows: Wednesday April 10 and Thursday April 11 between 7:30 am and 11:00 am and 12:30 pm and 4:00 pm. Contact Stacy Spector to schedule a private meeting with Rory. Call 516 987 8428 ALL TIMES ARE PACIFIC STANDARD TIME. Contact Stacy Spector, Esq. for all scheduling at Sspector@kirschenbaumesq.com or 516-987-8428. **************************** Confirming additional insured **************************** Ken, Recently Purchased your contracts (K&K’s Contract Administrator Eileen Wagda was great!); have a simple question. Under the insurance provision it requires the customer to name us as additional insured under their insurance policy; do we have to chase them each year that their policy renews for proof of same? How do we ensure that they're complying and if they don't is that sufficient grounds to hold us harmless against any claims that might be made? Much Thanks Dan Security Group ******************************** Response ******************************** You are referring to the Insurance Procurement provision, which is in all Kirschenbaum Contracts™. This provision requires your subscriber to name you as an additional insured on its general liability policy. You would have the same coverage as your subscriber as an additional insured, if your insured obtains the correct additional insured endorsement. Most don’t. So chasing your subscriber for the additional insured endorsement probably doesn’t have to wait for renewal because the coverage was never requested in the first place. You confuse two related but entirely different provisions, and important items of contractual protection for you, the insurance procurement clause and the indemnity clause. While the insurance will provide indemnity, the subscriber’s indemnity commitment is independent of the insurance. In fact, because your subscriber has agreed to indemnify you it would be wise for the subscriber to get the insurance protection to cover that indemnity obligation, because without the insurance the subscriber’s indemnity will be an expense to the subscriber. It’s possible that a subscriber could claim you waived the insurance procurement clause because you didn’t follow up and chase the subscriber to provide proof of coverage. This waiver argument should be rejected, but could go other way, so if it’s important enough to you then you should insist on the coverage and proof of coverage. The additional insured endorsement always comes with a notice of non-renewal or cancellation which is provided by the carrier, so you should get notice. On this subject, there are contracts you are signing that require you to provide indemnity. Those contracts may not require additional insured coverage, but you should always obtain it if you are providing indemnity. I’ll be covering this in the Group Meetings at Las Vegas; sign up for the meetings where we will cover loads of topics you need to know about. The meetings are less than hour and it will prove to be time well spent; inexpensive too – it’s free, but don’t let that fool you – it will be worth every penny!!! ************************* STANDARD FORMS Alarm / Security / Fire and related Agreements click here: www.alarmcontracts.com *************************** 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. *********************** ALARM ARTICLES: You can always read our Articles on our website at ww.kirschenbaumesq.com/page/alarm-articles updated daily ******************** THE ALARM EXCHANGE - the alarm industries leading classified and business exchange - updated daily ************************* Wondering how much your alarm company is worth? Click here: https://www.kirschenbaumesq.com/page/what-is-my-alarm-company-worth ****************************** Getting on our Email List / Email Articles archived: Many of you are forwarding these emails to friends or asking that others be added to the list. Sign up for our daily newsletter here: Sign Up. You can read articles and order alarm contracts on our web site www.alarmcontracts.com ************************** 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
