As we inch closer to the end of another year, many business owners and individuals are making plans to mark the occasion by celebrating with employees, colleagues, and friends. 

Those plans might include hosting an event or party in an office, a private residence, or a rented venue to revel in the past year’s accomplishments and ring in the new year. Even if your gathering happens at another time of the year, as the host, you face liability risks – especially if alcohol will be served. That calls for party alcohol liability insurance.

But even an alcohol-free get-together is not without the possibility of something going wrong unexpectedly and injuries to individuals or damages occurring to the venue. Should that happen, you could be liable for paying for those mishaps without insurance, which can easily cost thousands of dollars.

Liquor liability insurance for parties and events

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Let’s explore those risks and how a customized liability insurance policy can protect your finances, whether you’re a professional event planner or not.

Hosting an Event With Alcoholic Beverages

Any private party, staff celebration, or corporate event that involves selling or serving alcoholic beverages poses significant risks regardless of where the event occurs.

For instance, if one of your guests becomes intoxicated and hurts themselves or someone else, you could be held responsible for their actions.

Liquor liability insurance is designed to protect you from losses, damages, or other expenses arising from the injury or death of a person or damage to property where alcohol that was served at your party is deemed to be a contributing factor. 

However, not all corporate or private gatherings include alcohol. You might not require liquor liability coverage, but that doesn’t mean you have zero liability risks.

Hosting an Event That’s Alcohol-Free? You Need General Liability Insurance

Whether the event you’re hosting involves selling or offering guests alcoholic beverages or not, you still need to be mindful of the liability risks your event faces.

For starters, if you rent a banquet hall, a room at a recreation centre, or any other venue to host your event, the property owner will require you to have a valid certificate of insurance that covers your general liability risks.

That means you need general liability insurance. It protects you from the cost of third-party bodily injuries and third-party property damage to any of your guests. 

For example, if one of your party revellers trips over a loose floor tile or carpet, falls, and injures their wrist, general liability insurance can cover their medical and rehabilitation expenses. If the injured person threatens you with legal action, general liability insurance can cover the cost of your legal defence expenses and any financial settlement or judgment against you.

Getting the Event Liability Coverage You Need Fast

Before renting a venue or sending invitations to guests, get the customized event liability insurance from Zensurance to safeguard your finances.

Chances are you need coverage in place quickly. The good news is it only takes a few clicks to submit an online application for a free quote for the insurance you need. 

Our licensed brokers will shop our partner network of over 50 Canadian insurance providers to get the low-cost protection you need and tailor it to suit your requirements.

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About the Author: Mario Petramala

Mario Petramala is a Team Lead, New Business, Medical Malpractice, Zensurance.