Specialty Insurance

Since I work for an insurance brokerage, I received this funny little piece on 'specialty insurance' from our friends and colleagues over at April Insurance, who specialize in niches of expert know-how insurance. They have developed and offer a wide range of tailor made products for commercial and personal lines, and we're talking big boats, trucking companies, travel and expatriation insurance, and non-standard auto, amongst other things.
With Christmas in mind, the team at April decided they would take on Santa as a client and cover him for his specialized business operation. Needless to say, this is quite a task and has some very interesting criteria, like all of Santa's 'merchandise' being shipped all together, in one lot, world wide. That's quite the risk, I can tell you! Then consider the fact that Santa enters the premises of over 1.85 billion different children and what potential there is for an accident, like damaging a roof top or chimney. And, don't even start thinking about the immense cyber risk, as Santa does keep personal info on all of those children!!
Here are the graphics on how the math works out, and though it is a pretty big price tag, Santa must be considerate of the fact that his assumed revenue is in the billions!!