How to Insure Your Corporate Outing

June 17, 2024

When corporate employees attend sports games, events, or conferences, you don’t want to overlook insurance coverage to protect them.

Let’s take a look at what you need to know about insuring corporate outings for your employees

Corporate events, even just a simple networking event, come with risks, including:

Accidents and injuries: Employees could slip, fall, or otherwise injure themselves, especially in a stadium setting.

Property damage: The event might cause accidental damage to one of your employee’s property, such as clothing or a laptop.

Liability risks: An employee might bring a lawsuit against the company for various reasons.

Travel-related issues: If you need to travel to attend a corporate event or outing with your coworkers, there can be risks related to transportation or accommodations.

Given these potential risks, you will need to have adequate insurance coverage in place to protect your company and your employees from unforeseen costs and liabilities.

Types of insurance coverage for taking employees to corporate events

When planning a corporate event like taking employees to a sports game, consider the following types of insurance:

General liability insurance

General liability insurance protects against claims of third-party bodily injury or property damage arising from your event. If someone is injured or something is damaged during the event, this coverage can help with medical expenses, repair costs, and legal fees.

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General host liability insurance is another option designed to cover liability for bodily injury or property damage resulting from the consumption of alcohol in settings where your business does not sell, serve, or manufacture it. If your business allows alcohol or cannabis to be consumed on its premises without being directly involved in its distribution, this insurance can safeguard against potential lawsuits or claims arising from alcohol- or cannabis-related incidents.

Event insurance

If you are hosting a corporate event, event insurance offers coverage for a wide range of risks, including cancellations and weather-related disruptions.

Commercial auto insurance

If the event involves transportation—like a bus or shuttle service to the event—commercial auto insurance is needed. It covers accidents or damage involving company vehicles or hired transportation services.

Travel insurance

For corporate events that involve travel, travel insurance can offer additional protection against trip cancellations, lost luggage, and other travel-related risks.

What else to keep in mind

When taking your corporate team to see the NHL playoffs, keep in mind the following:

Employee safety: Ensure that safety protocols are in place to minimize risks during the event.
Risk assessment: Conduct a basic risk assessment to identify potential hazards and ensure that your insurance coverage aligns with these risks.
Communication: Make sure employees understand any guidelines or safety protocols related to the event, including what to do in case of an accident or injury.

Attending a sports event is a great idea for team building and employee morale. As an employer, you need to make sure that your company and your employees are adequately protected against potential risks and liabilities.

By understanding the types of insurance coverage available and taking appropriate precautions, you can focus on enjoying the game or participating in the event while knowing your business is protected.