Holiday celebrations for the work team can be a great way to unwind and enjoy the company of your staff after a long year. But, what happens if things get a little out of hand and someone ends up hurt?
If you’re lucky, your public liability insurance kicks in. Of course, you should hope for a very merry and fruitful Christmas celebration. However, at a time of year when out-of-office gatherings and holiday celebrations in general are a common occurrence, making sure you have protected your business against unfortunate incidences is a necessary preparation. If you haven’t done this, you may find far worse than a lump of coal in your Christmas stocking.
Public liability insurance is a type of financial protection that you can use in case one of your employees or business partners is found liable for an accident with someone of the general public. If someone claims that your business or one of its employees has caused them to become injured or sick, your insurance will be able to cover their medical bills and follow-up treatments. Public liability insurance can also pay for repairs to damaged property if your business is found liable. This kind of coverage can provide you peace of mind during staff celebrations at public places such as a restaurant or banquet hall as well as cover you at all times on the premises of your own business
Party organisers, who often find that the months of November and December are the busiest time of the year, should especially obtain public liability insurance to stay in Santa’s good graces this holiday season. If you are an event planner who doesn’t have public liability insurance, you should at least make sure that each venue that you do business with has a policy that will protect you from claims of wrong-doing.
While it is true that public liability insurance is not obligatory by law, smart business owners invest the time and money to make sure that they have this coverage so that they don’t ever face the possibility of losing their business because of a public accident.
The changing landscape of business law practices has also made public liability insurance a virtual must-have for business owners. Because so many people seek legal counsel from firms claiming no legal fees if their clients don’t win their court cases, the prevalence of liability claims against businesses has risen. To make sure you are not taken advantage of, you should obtain a keen legal adviser of your own and always keep the details of your public liability insurance on hand.
If you don’t have an idea of how much public liability insurance you should obtain, there are several solutions. Most business owners and event organisers use a combination of these methods, which include:
- Speaking to an insurance agent that can guide you through the process. You can use a company like Constructaquote to get a fast, reliable quote constructed by several insurance industry experts.
- Examining recent court cases that have involved a public liability law suit with a business similar to yours.
- Covering yourself for the entire cost of your business.
Now that you have all of the information, make sure you and your business are covered before the party begins.
This article has been provided for advice purposes only. 88 Events will not gain financially should you choose to obtain a quotation from any company mentioned in the article.