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Company events are much more than just a chance for employees to gather. Whether an organization is holding an annual awards ceremony and dinner, a summer picnic, or a holiday party, it’s much more than just kicking back for good times. Company events help:

  • Validate employees
  • Promote creativity
  • Boosts organizational morale
  • Create better, more focused teams

So, break out the grill; throw a bag of ice on the beer in the cooler. Rig up the volleyball net, lay out a softball diamond. For many, it’s time to head outdoors for the annual company picnic. What could possibly go wrong?

From workers compensation claims, to impaired driving accidents, to sexual harassment, it’s important to take into account the unique insurance coverage challenges and exposures that come along with the traditional picnic or other hosted organizational event.

Many organizations choose to hold a social gathering event such as a company picnic on their premises; be sure you and your commercial tenants understand the liabilities in doing so, as it adds another layer of complexity to exposures, often extending far beyond a Lessors Risk Only policy. Consider requiring your tenants have Special Event Insurance in place to cover physical injuries, property damage, and any losses that include damage or injury from an over-served on-premise party or picnic guest due to alcohol-related accidents.

Be sure tenants know up front what expectations are in place, and that good communication between landlord and tenants exists to address issues before they come up.

For additional information and specifics regarding our Commercial Lessor’s Risk Only (LRO) product, contact Novita Insurance,

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