Warning over potential Christmas losses for UK firms
Commercial insurance
15th December 2009
British businesses have been warned that they could face bills of up to £216 million over the Christmas period as a direct result of accidents and overindulgence at office parties, it has been claimed.
The annual work do could cause more than two million employees to take sick days because they have drunk too much or injured themselves dancing, slipping on spills, passing out or falling off things, new figures from Aviva suggested.
According to the report on the bill from Christmas celebrations, men are 88 per cent more likely than women to miss a day after a festive party, while directors and managers call in sick 67 per cent more than other workers.
A total of 39 per cent of firms in Britain do not intend to have a seasonal do this year, with many choosing not to do so to save costs during the downturn, while those that are have been cautioned that the economic climate means staff may get more drunk and rowdy.
Smaller firms seeking a UK insurance policy may be interested to learn that Giles Insurance Brokers recently advised they take additional precautions over the festive period, particularly if premises are closed over the Christmas break.
For more information on how Giles can help you with your business insurance, Click here.
