Santa’s insurance cost falls to £25m, according to Aon

Gifts under Christmas tree

According to the broker, the business of being Santa is risky, with an increasingly litigious society to contend with. While it is almost impossible to give an exact figure for the cost of premiums Santa would need to pay to ensure he is covered for the Christmas season, Aon Risk Solutions have estimated that it would cost £25m to insure Santa.

The company added that the figure is a reduction of £5m since it was last asked to look at Santa's insurance needs two years ago, as it takes in to

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