A Business Insurance Update
It is the holiday season, a great time for charity events and company parties. These events are a great time and place to gather together to increase employee morale and say thanks, they also can lead to increased liability and risk.
Your commercial or business insurance may provide coverage but if you have any question, it is best to call our office for a review of your business insurance program.
The biggest issue involves the use of alcohol. When business owners host a holiday party and serve alcohol as part of the festivities, liquor liability can be covered by their commercial insurance policy. However, it is always best to check with your insurance agent.
Holiday Party Risk Management
- Limit use of alcohol; offer two drink tickets per person.
- Remind employees via email about your company’s code of conduct and substance abuse policy prior to the party.
- Reinforce the company’s harassment policies prior to the party. Emphasize the company has a zero-tolerance policy for any sort of harassment, including both physical and verbal forms.
- Make sure you have food at your party.
- During the party, monitor alcohol consumption.
- Consider having the party at a restaurant. This is a good way to transfer liability.
- Make the party optional.
- Arrange for cab rides or transportation home for guests who may need it.
- Encourager managers to set a good example.
- Consider inviting spouses, which is a good way to reduce romantic hook-ups.
Personal service combined with depth of knowledge in the insurance marketplace, and access to a wide range of carriers is the combination of factors that sets Oakwood Insurance apart from its competitors. We not only work in the north metro, but it’s also our home. We strive to support the vibrancy and growth of this community. We want it to thrive, and we want you to thrive. We will review your insurance coverage and help you understand what you have and ensure that it’s the best fit for your goals.