Risk Insights

This Holiday Season Reduce Your Exposures During Work Events

This Holiday Season Reduce Your Exposures During Work Events

Businesses host parties for a variety of reasons, including the holidays and organizational accomplishments. While these events are fun, team-building opportunities, they can create a number of risks for the hosting company. In fact, in the event that an employee is injured at the party or causes property damage, the employer is usually the one held responsible. This can lead to costly litigation and reputational harm that can affect a company for years. To avoid major losses, it’s not only important for employers to secure the right insurance coverage for every individual risk, but to also have a thorough understanding of common holiday party exposures. Alcohol Anytime you provide alcohol to individuals in a non-commercial manner, you are considered a social host. This is important to note, as a social host may be responsible for the acts of their guests…read more →

Host a party without the risk!

Host a party without the risk!

Case law allows for ‘duty of care’ from homeowners hosting bring your own booze party where ‘foreseeability of harm is present,’ lawyers warn. A recent court decision “highlights the amount of work required,” for a defendant being sued after hosting a party where people were consuming alcohol, to get a summary motion dismissing the case, two lawyers argued in a blog post this week. The Ontario Superior Court of Justice ruling in Wardak v. Froom “provides important practice points that highlight the time and expense required to be successful on a summary judgment motion,” wrote lawyers Erin Durant and Kevin Nearing, in a blog post published Tuesday on the CanLII Connects website. In April, 2011, Stephen and Carol Froom hosted a 19th birthday party for their son. A friend of their son, Dean Wardak, 18 at the time, walked to…read more →

Liabilities for the Board of Directors

Non-profit organizations provide essential social services that benefit communities and their members. The vast majority of these organizations cannot survive without a volunteer board of directors assigned to elect officers, adopt policies and make major financial decisions for the organization. Although members of the board are volunteers, there is a certain amount of risk involved in holding one of these positions. Specifically, even when acting in good faith, board members are subject to personal liability, which may affect their personal financial status because of their management decisions. It is imperative that your organization and board of directors understand the risks involved with their responsibilities as board members and the ways in which they can protect themselves from personal liability. Risks and Responsibilities To combat the chance of affecting the personal liability of board members, non-profit organizations should assess the risks…read more →

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