With Christmas Eve looming, Santa Claus has a lot to consider from a risk management standpoint before jumping in the sleigh.

From injured reindeer and inclement weather conditions to botched sleigh landings and valuable Naughty/Nice List data, Kris Kringle is one round, jolly liability.

Farmington Hills, Mich.-based wholesale insurance broker and underwriter manager Burns & Wilcox examined Santa's unique risk exposures and put together a graphic explaining the Big Red One's insurance needs:

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