Limiting Meeting Liability
It’s the evening of the first day of your company’s most important conference of the year. Everything’s gone smoothly so far and you’ve finally got some free time to do a little schmoozing at the evening reception party. As you enter the reception there’s a hushed crowd gathered around a man lying face down on the floor. A co-worker rushes over to you. The man tripped on a power cord and is unconscious. He’d been drinking. An ambulance is on its way. Are you protected if the man decides your company was somehow liable?
In a society where people sue for millions over missing pants and hot coffee, it’s imperative to be proactive and take the necessary risk management steps to limit one’s exposure to financial liability. ITEX has put together some guidelines for you to consider when conducting your next conference.
General
- Be aware that the meeting planner and sponsor have a legal duty to attendees
- Understand the defined elements of negligence and how they relate to your job and your employer
- Understand and implement the rules of risk management
- When appropriate, have attendees sign waivers of liability
- Obtain music licenses if copyrighted music is used during an event
- Have a contract with everyone – from speakers to volunteers
- Review your exposure to liability with your legal counsel and insurance providers
Suppliers
- Secure certificates of insurance from all suppliers and require them to include the meeting planner and meeting sponsor as an additional insured
- Understand and incorporate indemnification and hold harmless clauses in all contracts
- Determine if any suppliers are unionized and if so, if any union contracts will expire and are up for renewal around the time of your conference
- Verify the reputation and financial stability of all contracted vendors
- Include an errors and omissions clause in your contracts
- Get insurance for liability to third parties and for property damage
Hotel or Venue
- Secure certificates of insurance from the venue and require them to name the meeting planner and meeting sponsor as an additional insured
- Secure a copy of the venue’s Emergency Action Plan (EAP) during the site selection and review prior to contracting
- Understand and incorporate indemnification and hold harmless clauses in contract
- Determine if the venue is unionized and if any union contracts will expire and are up for renewal around the time of your conference
- Include an errors and omissions clause in your contract
- Get insurance for liability to third parties and for property damage
- Monitor and control alcohol at all times
- Obtain data on crime in the immediate area surrounding the property
Remember: this list is not all inclusive. To limit your exposure to liability you must carefully evaluate all circumstances surrounding your event and contract accordingly. If you need further information or want to discuss how ITEX can help you, please contact us anytime.
Best, Dana