The busiest man on Christmas Eve would need several specialist insurance policies worth millions of pounds for his high risk job of travelling around the world to deliver gifts to children, according to broker
Towergate.
The brokerage firm has calculated on its website the cost of protecting Father Christmas as he fulfils his annual mission. Towergate said the big man in red has a whopping insurance price tag of £27,143,554.20.
“Being Father Christmas is clearly a risky role and we’ve drawn upon our years of expertise and knowledge to estimate the kind of policies he’d need if such a role did exist,” the
Daily Express Online quoted Towergate spokesperson Drew Wotherspoon as saying.
Towergate said the total amount includes the cost of non-standard home insurance for Santa’s Grade I- listed £2 million abode in the North Pole, as well as commercial property insurance for his toy workshop, which needs round-the-clock cover in case of theft, fire or flooding.
Santa will also need employer’s liability insurance as he is responsible for protecting the health of his workforce of 200 elves. Vet’s insurance is also a must-have to ensure that his eight working reindeers are all in tiptop condition.
Over-65s travel insurance is also a requirement for Santa with all his daredevil activities such as sleigh-flying, chimney-diving and roof-hopping, Towergate said.
Commercial vehicle insurance will be needed for Santa’s flying sleigh as it faces the risk of bumping with planes or drones. Goods-in-transit insurance will also cover any lost or broken item from the £1.4 billion worth of toys that he will be carrying on December 24.
Santa may get stuck in a chimney or cover a carpet with Soot, and Towergate said public liability insurance will save him from footing the bill for any damage that he may cause in people’s houses.
Finally, Ol’ Saint Nick will also need performing arts insurance to protect his trademark laugh “Ho Ho Ho”, according to Towergate.
Related stories:
Better safe than sorry: keeping your clients protected this winter
Insurance “army” on standby for floods
