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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, the nation’s largest CPA-directed program of insurance and risk management for the accounting profession.