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 ****************************** Comment on should you sign alarm contract for your personal residence June 13, 2024 *********************** Comment on should you sign alarm contract for your personal residence if serviced by your company from article on May 16, 2024 *********************** Ken, Reading Ryan’s question in your May 16, 2024 email in which he asks, “Should I sign an alarm contract for my personal house with my alarm company?”, reminds me of an event a few years ago. I keep my Texas Alarm Company license active, but I only monitor my house, my office, and a warehouse full of alarm parts. We had a break in. The Central station called the response company but gave them the wrong customer name so they never responded. I had a $40,000 loss out of the warehouse. When I filed the claim with the warehouse insurance company the first thing that they asked for was my monitoring agreement. Fortunately I had an Agreement (a Kirschenbaum one) between the alarm company (corporation) and the warehouse (corporation). If I hadn’t had an agreement there is no doubt that the warehouse carrier would have subrogated against my alarm company policy and I would have had two claims instead of one. Alarm company owners tell me that they are friends with all of their customers and don’t need contracts. Some even tell me that they go to the same church. My question is “does their insurance carrier go to the same church?” Mitch Reitman 817 698 9999 XT 101 Reitman Consulting Group http://www.reitman.us ************************ Response ************************ It’s great to be friends with your customers; even better to work for your relatives. Just keep in mind that most of the more than millions of lawsuits filed in the US annually are between former best friends and family. ************************** 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
