Terrorism Insurance: Do You Need It for Your Property?
When it comes to protecting commercial property, terrorism insurance might not be the first thing on your mind, but it’s an important aspect to consider.
Consider these proactive steps to reduce risks and keep your event safe and enjoyable:
- Ask the venue for their certificate of liability coverage in case of accidents
- Hire professional staff (with the required responsible serving of alcohol certifications) for serving food and drinks to maintain a controlled environment
- Make attendance optional
- Assign event supervisors as designated points of contact to handle issues discreetly
- Set clear rules about acceptable behaviour and refresh staff on company policies before the event – emphasise that workplace behaviour standards still apply
- If you’re running a Secret Santa/Kris Kringle where staff give each other gifts, offer guidelines about what’s appropriate
- Limit alcohol consumption by offering drink vouchers or setting a drinks limit
- Offer non-alcoholic alternatives
- Cater to dietary needs and preference, so it’s an inclusive event
- Arrange safe transportation options, such as taxis or shuttles, for guests
- Ensure the venue is well-lit, safe, and has clear emergency exits, and
- Debrief after the event to glean feedback on areas for improvement and also what worked well. Address concerns promptly.
And, be sure to review your insurance policies beforehand. As your broker or adviser, we can review your existing liability coverage to ensure it includes protection for seasonal events like Christmas parties.
Evaluate your Management Liability insurance to ensure it includes critical covers such as Workplace Health and Safety Costs, Employment Practices Liability, Third-Party Discrimination or Sexual Harassment Coverage, and Employee Theft and Third-Party Crime Coverage. These provisions can safeguard your business against potential losses and expenses stemming from employee complaints or incidents related to workplace events.
Management Liability
Because Christmas parties are an extension of the workplace, be mindful that company policies on harassment and discrimination still apply.
At times, though, inappropriate behaviour can occur at social events. Management Liability coverage can protect your business from claims of misconduct, including harassment or discrimination, that results from incidents at the event.
Workers Compensation Considerations
If an employee is injured at your Christmas party, workers’ compensation could apply, particularly if their attendance was compulsory. Ensure you check your state or territory’s workplace health and safety laws.
Injuries sustained during work-related events, even social ones, could trigger your workers’ compensation policy.
We can help you review your workers’ compensation coverage before your party to check it addresses potential risks.
Stay Protected This Festive Season
Christmas is a time for celebration, not stress. Ensuring your holiday gifts are covered by insurance means you can focus on the joy of giving without worrying about the unexpected. Reach out to us to review your policy and make sure your festive season goes off without a hitch.
As the holiday cheer unfolds, let your biggest concern be finding the perfect gift—not what happens if it goes missing. As your broker or adviser, we and our team wish you a safe, joyful festive season filled with love, laughter, and well-protected presents.
Offsite Event Venues
If your party is being held at a third-party venue, verifying their insurance is crucial. Many venues will include contract clauses making your business responsible for damages or incidents that occur during the event.
Peruse contracts with venues or event planners to clarify liability responsibilities before signing.
So, once you’ve worked through those risk minimisation tips and checked with us to review your policy coverage, you’re set for a wonderful festive season!
Article Supplied by OneAffiniti
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