eLearningClasses.com

Six Tips for Safe Holiday Celebrations

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Employer-hosted events to celebrate the holidays and thank employees for jobs well done often come with liability and other risks when the events include alcohol.

Impaired judgment and lowered inhibitions as a result of alcohol consumption give rise to a variety of dangers, such as driving under the influence, sexual harassment, slander and defamation, said Emily Franchi, loss prevention specialist for employment practices with CAMICO (www.camico.com), the nations largest CPA-directed program of insurance and risk management for the accounting profession.

Zero tolerance is the new norm, and employers should help ensure that employees are interacting respectfully and professionally, Franchi said. The good news is that there are practical steps employers can take to help minimize exposures and keep employees safe.

Examples of safeguards that managers can apply include:

  1. Clearly communicate expectations to all staff that professional and sound judgment needs to be demonstrated during and after the eventthe same high standards used in the workplace.
  2. Lead by example in high standards of behavior.
  3. Diligently monitor employee behavior.
  4. Limit the number of drinks with alcohol through the use of drink tickets.
  5. Allow a two- to three-hour window for serving drinks after the beginning of the event, and close the bar an hour or more before the end of the event.
  6. Host a driving service that will shuttle employees to and from the event, or provide an on-call driving service for employees who may have consumed alcohol.

Sometimes judgment calls need to be made on an employees ability to safely drive. Host liquor liability insurance, which is often included in a general liability insurance policy or a Business Owners Policy (BOP), can also help protect businesses from losses resulting from liability for injury or damage. Employment Practices Liability insurance helps protect against claims resulting from allegations such as harassment, discrimination and retaliation. For more information, visit www.camico.com.

About CAMICO

CAMICO delivers insurance, risk management and related services to more than 8,000 CPA firms and 50,000 staff members in 45 states and the District of Columbia. Founded in 1986, CAMICO is endorsed by state CPA societies and associations in 17 states. CAMICO provides Professional Liability Insurance and other insurance products needed by CPA firms.

Dan Crouch

CAMICO

[email protected]

650.378.6827 – office; 925.324.1369 – mobile

www.camico.com