Holiday Parties and Liquor Liability Insurance

Company holiday parties need the protection offered by liquor liability insurance.

As the year comes to an end, you may want to celebrate and reward your employees with a fun holiday event.  However, it's important to understand that, as an employer, hosting a holiday party exposes you to certain risks.  For instance, if you plan on serving alcohol at your event, then you may be on the hook for any alcohol-related liabilities.  Here's how you can protect yourself and your company with host liquor liability insurance.

What is 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.

Do I Need This Coverage?

Some states have enacted laws that hold party hosts liable for the damages caused by an inebriated party-goers.  These states include the following:

• Alaska
• Arkansas
• Connecticut
• Hawaii
• Maine
• Maryland
• Massachusetts
• Missouri
• New Jersey
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• South Carolina
• Tennessee
• Washington
• Wisconsin

If your business is located on one of these states, then you absolutely cannot afford to skip out on host liquor liability.  However, even if you don't operate a business within these states, 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.

This is what you need to know about host liquor liability insurance for your holiday parties.  Do you have further questions about your commercial insurance?  If so, then contact the experts at Scavone Insurance Agency Center LLC in White Plains, New York.  Our dedicated team is eager to assist you with all your coverage needs today.