Well, I have officially been in the insurance business too long! While most people enter the holiday season excited free time with family, tasty holiday meal and gifts under the tree, I find myself thinking about the question: "What if Santa had need buy insurance? "Not only that, but what type of insurance would he need and elsewhere would he even qualify?
from the initially, the house and Santa's workshop are located in a protection class 10. in general terms, this means that there is no fire department to respond in a fire at his home or at the workshop. While Santa would need insurance protection of property, it would be limited to real estate markets at high risk who may struggle to establish a precise value of his home and commercial property. it n has not also need a personal auto policy as its only vehicle - his sleigh - is for professional use (which is, however, a commercial auto show, which I will discuss later)
Qu ' is what remains.? Maybe life insurance? I'm pretty sure Santa would a finding coverage difficult time simply based on his age and, not to be rude, it would also few books on the maximum acceptable weight.
Sounds like he's going to face some obstacles in the field of personal insurance, but maybe we could help him with his business insurance. We already know the property policy will be hard to write for the workshop but in general liability? Santa is a toy manufacturer and it is not an easy business class to write. Its products are used by children, distributed worldwide, and failure or injury of his product could be subject to multiple jurisdictional litigation. I fear that, with the type of product it produces and its worldwide distribution, it would be a difficult policy for him to get.
Santa Claus may also need to errors and omissions and professional liability insurance. He claims he knows when you're sleeping and knows when you're awake. It also claims to know if you've been bad or good ... so good for God's sake! What would happen if Santa happened when you were awake, or worse, you were good, but your gift was mistakenly delivered to another party currently on the naughty list? Without the protection of the appropriate professional responsibility and Ebenezer Scrooge lawyers, Santa could be in some serious disputes without own defense cost being provided. Now you may be thinking: "Who would take Santa to the court," I remind you that this is not his first time You may remember he appeared in court to face allegations of! identity theft that then arise working for a shop of 34 e street. the charges were later dismissed, but there was still associated defense costs.
Now let's explore this policy automotive business. We have some big problems here! first of all, the Father uses a custom vehicle primarily for delivery and while used just one day of the year his delivery radius is huge, he traveled many miles and do not forget about those icy conditions. Santa also has some problems and potential loss of MVR. the applicant's small-son insists that Santa Claus was involved in a hit and run when his grandmother run over by a reindeer on the way home on Christmas eve. Santa Claus also had a theft claim when it was reported the Grinch trying to steal Christmas. Then there is the problem of trying to put a value on his vehicle. Overall, I think a commercial auto policy is out of the question.
Now it might want to consider is an aviation policy, but will need to go to a specialized market for it. we could perhaps do something to help with his eight reindeer, although I doubt there are livestock mortality tables for flying reindeer. We could try it a kind of equipment breakdown coverage provide? No, it will not work - all manufacturing is done by hand, not machine
This leads me to another difficult policy -. Workers' compensation. Oh my God, where do I start? Santa's workforce uses old hand tools and would be subjected to repetitive motion and other injuries. We also have a potential problem that the entire workforce is a challenge. Hopefully it is consistent for this, but I'm not familiar with what the OSHA requirements or ADA exist in the North Pole. Santa may need to consider the protection of an employer's liability policy. Santa has an aging workforce and, let's face it, with a diet of most candy they could have many potential health problems, so I'm pretty sure that the work comp and group health will be difficult to obtain. I suppose Santa might resemble a disability policy for himself, but to walk on the ice roofs and sliding down in confined spaces, I'm sure will make even the warmest subscriber yet issue a decline notice .
Well one thing is clear: to be the agent or insurance company of Father Christmas would be a difficult task. I guess Christmas is not intended to be taken, but to be enjoyed in the company of our loved ones. So parents, assure your children that Santa Claus will be through another successful year without incident, but self-assured, and, in his words, a Merry Christmas to all and to all a good night.
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