Hosting a holiday party is a great way for employers to show their appreciation and boost employee morale. However, the insurance experts at American Tri-Star Insurance San Diego consider it vital for agencies to consider the additional risks taken on when planning these festivities. This is especially true when holiday parties include alcohol. Wherever drinks are served, problems can ensue and business owners should be ready for the financial and legal liability these problems can cause.
Commercial General Liability
Fortunately, most businesses have commercial general liability insurance that will cover many of the risks a agency party creates. Moreover, many of these plans also include liquor liability as a built-in feature. Get in touch with the agent who handles your commercial insurance in San Diego to make sure liquor liability is part of your current coverage profile. If not, make sure to add it before the festivities begin. If someone accidentally serves a drink to an underage person at your event or if an inebriated attendee causes harm to others, this portion of your plan may cover the resulting fees, fines, and damages.
Employment Practices Liability Insurance
Not only are inebriated employees more likely to hurt themselves and others, but there’s also the risk they might say or do things that cause offense. Employment practices liability insurance (EPLI) can protect you against discrimination or sexual harassment claims that might arise as the result of an intoxicated employee who has harassed a client or coworker. For optimal protection, make sure the plan is endorsed for covering third-party claims or claims submitted by any nonemployees who may be present at your event.
If you’ve decided to host your party away from your office, check with your venue coordinator to determine whether any secondary venue insurance is necessary. Your general liability insurance may give you adequate protection on your own premises, but it likely won’t fully account for the risks that exist in a secondary venue. If additional venue coverage is needed, you may be able to get a discount on this plan by binding it along with your EPLI coverage.
Whether it’s for a celebration or year-round protection, making sure your agency has insurance coverage is crucial. To find the right insurance solutions for your business, contact Tri-Star Insurance. We also offer affordable auto, health, homeowners, and bond insurance in San Diego. For more information or a free quote, call us today at 619-272-2100.