What risks might the CEO of K. Kringle Manufacturing—Santa Claus—want to insure? Insurance-broker Lockton provides an in-depth look at the exposures and coverages involved with manufacturing and delivering millions of toys for good girls and boys.
Coverages Santa may consider purchasing include exotic animal coverage for his reindeer (a $1 million-limit policy for a premium of $16,000), ocean marine coverage to cover the toys in transit (a $1 billion-limit policy for a premium of $100,000), an employment practices liability policy to cover the potential for discrimination cases from hiring only elves that have certain physical characteristics, such as short stature, pointy ears, etc. (a $1 million-limit policy for a premium of $50,000), and a Lloyd's policy to insure Santa's famous beard.
To see Lockton's full analysis, visit http://www.lockton.com/Resource_/PageResource/MKT/Riskmas%20Poem_2012.pdf
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
