As we close the year out, many businesses will be hosting company parties. Business owners, executives, and human resources personnel need to make sure to avoid some key risks to ensure their day of merriment does not turn into disaster. While your business insurance would likely respond to most claims, we have several tips to help reduce the likelihood of litigation. It is worth noting that employers are responsible for the conduct of their employees at all work-related events.
When business owners host a holiday party and serve alcohol as part of the festivities, liquor liability can be covered by their commercial general liability (CGL) policy. However, it is always best to check with your insurance agent or broker first. Business owners should talk with their insurance agent about their liability insurance coverage and any exclusions, conditions, or limitations to their policies for this kind of risk.
At Leap /Carpenter / Kemps, Merced County’s largest locally-owned agency, we have an experienced staff of professionals who understand that each business is unique and that the one-size-fits-all approach just doesn’t work. Our agents have access to more carriers and more plans, and that means that they have more options to create the best possible combination of coverage to minimize your risks and lower your costs.