Why You Need Host Liquor Liability Insurance for Your Company Party
How host liquor liability insurance can protect your business from party-related risks.
With the holidays less than a week away, you may be thinking about hosting a company event to reward your staff and get them in a festive mood. However, if you plan on serving alcohol at your holiday party, then you are leaving your business vulnerable to serious liability issues. Fortunately, you can protect your company by securing the right insurance. Here’s how host liquor liability insurance can protect your business from party-related risks.
Understanding Host Liquor Liability Insurance
Businesses that allow alcohol to be consumed onsite or at an event that they are hosting are liable for the damage or injuries that intoxicated individuals cause following the event. Business owners can protect themselves from this risk by securing host liquor liability insurance. This type of insurance offers coverage for any third-party damages or injuries caused by intoxicated employees or party guests, ensuring that your business will not have to pay for these expenses out-of-pocket.
Some states have enacted laws that hold party hosts liable for the damages caused by an inebriated party-goers. However, even if your state doesn’t have such laws, you are still highly encouraged to carry host liquor liability insurance. This is because an injured party can still sue you for the damages an intoxicated employee causes following a company party. Host liquor liability insurance will cover your legal fees and minimize the negative impact that such a case has on your company’s reputation.
Tips to Prevent Liquor Liability Issues at Your Company Party
- If there will be alcohol at your party, confiscate your guests’ car keys as they arrive. This will ensure that intoxicated guests do not attempt to drive without you realizing it.
- Limit your own alcohol consumption and keep an eye on your guests. Cut off anyone who seems to be pushing their limits and watch to make sure that they aren’t lashing out at others. Obviously, you should not give them their keys and allow them to drive home.
- Encourage the use of designated drivers or be ready to call a cab company or a ridesharing service such as Uber or Lyft.
- Make sure that you serve plenty of non-alcoholic beverages and plenty of food to ensure that people do not drink on an empty stomach.
This is how host liquor liability insurance can protect your business from party-related risks. Do you have additional questions about this form of commercial coverage? If so, then contact the experts at Remland Insurance in Orange, California. Our dedicated team is eager to assist you with all your business insurance needs today.