Hello! I’m Terry Dortch from Automotive Risk Management Partners, and today, I’m going to delve into the intricate world of contracts in the automotive business. We’ll dive into the common challenges dealership proprietors face, and how you can structure vendor and customer deals more efficiently. Automotive Contracts Let me paint a picture; with years of experience in this business, I’ve …

Hello everyone! My name is Terry Dortch, representing Automotive Risk Management Partners. I spend quite a bit of time traveling across the States, interacting with folks from Louisiana, Alabama, Georgia to Northern Illinois, discussing what’s currently piquing their interest. Lately, there’s been a buzzword making the rounds – Cybersecurity! Cybersecurity isn’t new, but what’s got people talking is its incorporation …

Require • Implementation of certain technical changes/tools• Required policy changes/updates• Written reports and documentation• Training requirements Clarify that “customer record” is viewed very broadly • Not just SSN or CC#• Not even just N PPI Does not change liability per se, still no private right of action, but: Increased obligations re Third Parties

The automotive industry is one of the largest and most complex industries in the world. With millions of vehicles manufactured and sold every year, it is essential for the industry to adhere to strict standards and regulations to ensure the safety and well-being of consumers. This is where automotive compliance comes in. Automotive compliance refers to the adherence of automobile …