Legal Briefing: What to Consider When Switching Central Stations
Central stations are one of the most important decisions alarm dealers make. Here’s how to firm up your dealer agreements.
Central stations are one of the most important decisions alarm dealers make. Here’s how to firm up your dealer agreements.
There are two common ways to make sure you are paid for your services: a fixed amount or on a Time and Material (T&M) deal.
Some buy-sell agreements are worded with such legalese it is sometimes a daunting task to figure out what reps and warranties have been made and what could possibly go wrong.
Legal expert Ken Kirschenbaum is not prepared to say in-home central station monitoring is deceptive or a dereliction of duty.
As a business owner, everything you have to spend money on now costs more. If you don’t raise your prices, you won’t keep pace or maintain your profit margin.
Scenario: A claim exceeds coverage and you begin to believe your carrier isn’t doing all it could or should to protect your interest.
Indemnity exposes you to all your company assets, unless you’re smart enough to have created a separate entity to conduct the alarm business and you observe the necessary corporate procedures.
Legal expert Ken Kirschenbaum explains why the decision of this ADT lawsuit is likely to come back to haunt the alarm industry for a long time to come.
Buying contracts from another alarm company that doesn’t have trained techs or use proper, up-to-date alarm contracts? Demand every acquired account sign a new contract and terminate every customer who won’t sign it.
What happens if an alarm owner has someone not properly credentialed or trained repair it, and subsequently there is an failure and fire-related damages claimed in a lawsuit?