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The Impact of Covid-19 on the Security Industry new webinar - sign up today:
May 16, 2020
Webinar – Round Table Discussion – May 19, 2020 noon ET
Topic:  Alarm Buy-Sell Transactions:  The Good, Bad and Ugly.  This webinar will be a discussion on structuring buy-sell agreements, concerns for sellers and buyers, stories about transactions that went north, sideways and south; good, bad and ugly
When:  May 19, 2020  12 PM ET
Presented by:  Dennis Stern,Esq and Ken Kirschenbaum,Esq.  We hope to include attendees who would like to participate in this Round Table discussion, so those who want to participate should have webcam and audio ready.
Who should attend: owners and general managers
Register Here:
The Impact of Covid-19 on the Security Industry
    As states begin setting timelines for lifting their Covid-19 stay-at-home orders businesses across America are contemplating what that might mean for their operations.  Some businesses, those classified as “essential services,” have continued to operate throughout this crisis and therefore have a better idea how their business will be impacted by Covid-19.   
In the recent ESA, SIA and TMA Survey of security professionals throughout the country, roughly one out of every five respondents reported a loss of over half its revenue.  Pursuant to the Survey the median reported revenue loss due to Covid-19 was between 21% and 30% and 13% of Survey respondents had to reduce hours, furlough or lay off over 90% of its work force.  While there are a number of factors responsible for the industry wide loss of income, the primary reasons were employees getting sick and missing work and customers denying company personnel access to job sites as demonstrated by over 80% of Survey respondents reporting some level of interrupted access.
    Residential integrators are having the most trouble gaining access as the median reported loss in revenue is between 31% and 40%. Commercial integrators are also dealing with heavy setbacks during this crisis.  Pursuant to the Survey, the median loss in revenue for commercial integrators is between 21% and 30%.
    Now that we are over 2 months into the Covid-19 pandemic in the US it is easy to forget how fast this snuck up on us and how unprepared we were.  Part of every company’s transition back to normalcy should include the implementation of proper employee protocols.  Remember, this doesn’t end with you waking up one day and the news saying it's over,  everything is back to normal.  It is going to be a long and difficult transition, especially for employers who have to manage the reopening of their office.  And even when it is “safe” to return to work the threat of Covid will still be on everyone’s mind.  The best way to ease the minds of your employees and customers going forward is to have a set of written protocols designed to reduce the risk of Covid-19 exposure.
            K&K has written protocols for security companies, employee waivers and customer consents and waivers.  Get the Covid-19 legal update -protocol at
Jesse Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum

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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