671 Revolutionizing MSP Contracts: Monjur

Robert J. Scott, co-founder of Monjur, returns to the IT Business Podcast to discuss their contracts-as-a-service platform for IT managed service providers. Scott highlights the benefits of participating in the IT Nation Pitch It Accelerator program, including valuable connections and exposure that have accelerated Monjur's growth. 

Monjur offers a cloud-based legal service with industry-leading templates customized for each MSP and dynamically updated. The platform integrates with quoting tools and sales processes, streamlining the contracting process. Scott explains the difference between their Essentials and Standard plans, with the Essentials plan designed for smaller MSPs with revenue under $1.5 million. 

The interview covers how Monjur stays current with various state and international laws using AI-powered legal research tools in partnership with Lexis Nexus. Scott also discusses the affordability of their services, with plans starting at $149 per month for smaller MSPs. 

The conversation explores the types of templates available, including master service agreements, statements of work, and specialized attachments for managed compliance and AI services. Scott emphasizes the importance of their Schedule of Third-Party Services, which acts as a waiver protecting MSPs from liability related to third-party vendors. 

The podcast also discusses the relationship between Monjur's services and E&O insurance, highlighting how their platform provides additional protections not covered by insurance. Scott explains how Monjur can assist MSPs in incident response and claims defense, depending on their insurance carrier and policy.

Key Takeaways: 

• Monjur offers cloud-based, dynamically updated legal services for MSPs
• The platform integrates with quoting tools to streamline the contracting process
• Pricing starts at $149/month for smaller MSPs with revenue under $1.5 million
• Monjur uses AI-powered legal research tools to stay current with laws and regulations
• The Schedule of Third-Party Services provides crucial liability protection for MSPs
• Monjur's services complement E&O insurance by offering additional protections

=== Show Information

• Website: https://www.itbusinesspodcast.com/
• Host: Marvin Bee
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