The holiday season is upon us and therefore, it is time for company holiday parties. Finally, it’s time to have some fun in a button down shirt and tie while trying to avoid doing anything you’ll regret on Monday. Company holiday parties – where memories are made!
Videos of company parties gone wrong can be found all over the internet. Many stories are fabled from embarrassing incidents involving the copy machine and other office equipment —and these stories are not made up. Company parties have a well-deserved reputation for creating an environment primed for actions sure to be regretted the next day.
But hey—that’s not really your problem, right? After all, you are simply throwing the party—it is up to your employees to know how to handle themselves appropriately.
Or is it?
Actually, there are many liability issues that you, as the employer and host of the party, could be responsible for if any of your employees get out of hand, damage company or another employee’s property, or offend anyone.
The best way to protect yourself from any incidents that might occur at the company holiday party is to make sure you have the right liability coverage. To ensure you are fully covered, there are a few different types of coverage to have in place.
- General liability: General liability will cover many of the situations and damages that could arise during a party. General liability insurance is actually a coverage that your business needs every day—not just during company party season.
- Liquor liability: If you plan on serving alcohol, one of the most important types of insurance for you to have, but least realized, is liquor liability coverage for your company party. Alcohol is the cause of many of the stories that surround company holiday parties and a liquor liability policy will cover your business from any damages that might occur if these embarrassing events turn into destructive events.
- Workers compensation: Workers compensation coverage will protect you and your employees should an injury that results in a temporarily or permanently disabled worker arise at the party.
No matter how tight your company’s budget is, Roanoke Commercial insurance is not the place to try and save. Make sure you have the right coverage before you throw your party and then enjoy all the silliness the night has to bring.Give Carlton Wright Insurance Agency Inc.a call at 800-700-6873. A full line of coverages such as package policies, worker's compensation, commercial vehicle coverage, and umbrella liability are available.