The holidays are a festive time filled with cheer and good spirits. But if you're Santa Claus, there's pressure to prepare and deliver all the gifts children worldwide expect to arrive for Christmas. While Santa is navigating the best route to fulfill all his deliveries, he's exposed to a number of risks. From his workshop to his sleigh, there's plenty of exposure for Santa. Fortunately, Argo Group has identified which areas of Santa's operations he should consider covering. With this in mind, here are five areas Santa should consider insurance coverage, courtesy of Argo. Related: When merrymaking goes awry