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How to Manage Risk at a Corporate Event

By July 15, 2014February 19th, 2021Business Protection

Corporate events are useful for increasing publicity and employee morale, but they can also present a variety of risks. Before you hold any corporate event, you should carefully review all risks associated with the occasion. Read below for some tips associated with corporate event risks:

  • Your company should evaluate its potential liability and determine whether its existing insurance will cover the exposures that could give rise to a claim or law suit.
  • The safety of everyone attending should always be the number one concern. Any accidents or injuries may be considered work-related and could possibly be subject to workers’ compensation.
  • If using a venue away from the office, inspect it to ensure it meets your standards for safety. Pay attention to things like exits and emergency lighting and make sure that the building is up to local safety codes.
  • Have an emergency plan in place in case someone is injured or needs medical assistance. It’s also a good idea to know where the closest hospital is, and if possible, have someone on-site who knows CPR.
  • If you choose to serve alcohol, consider holding the event at an off-site location and hire professional bartenders who have their own insurance and are certified for alcohol service. Also, make sure there are plenty of non-alcoholic beverage options available.
  • Contact your insurance agency to tell them about your specific event plans. An insurance expert can tell you about any additional liabilities that may be present.

If you have any questions about event risk management, give our experts a call at (516) 431-9100.

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