How host liquor liability insurance can address party-related risks.
If you want to hold a company party for your staff, then you have a lot of decisions to make. For instance, you need to decide if you will serve alcohol at the event. Serving alcohol to your employees will expose you to certain risks. However, you can address these threats with host liquor liability insurance. Here’s what you need to know about this special commercial coverage.
Host Liquor Liability Coverage
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.
Who Needs This Coverage?
If you are hosting a company event where alcohol will be served, then you are highly encouraged to carry host liquor liability insurance. This is because an injured party can 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.
Can I Take Other Precautions?
In addition to having host liquor liability insurance, you can reduce the chances of an alcohol-related liability claim by taking the following steps:
- If there will be alcohol at your party, confiscate your guests’ car keys as they arrive. This will ensure that intoxicated guests do not slip away and 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.
- Consider hiring a bartender for your event. While this may seem a little overboard, bartenders are trained to check IDs and know when to cut off a guest that is getting too intoxicated. Having this set of eyes will help you keep alcohol consumption under control.
This is what you need to know about host liquor liability insurance. Do you have additional questions about your company’s insurance needs? If so, then contact the experts at Promised Land Insurance Group. Our dedicated team is eager to assist you with all your commercial coverage needs today.