If your company had an employee with a unique quality essential to the success of your business, would your firm take out an insurance policy on the person? Here’s what one company did to protect an important human asset.
Various types of insurance policies protect companies from all types of potential calamities and financial exposure.
But would your company take out an insurance policy to protect the nose of an employee?
You might if it were the nose of winemaker Ilja Gort.
Lloyd’s of London has insured Gort’s nose for 5 million euros ($7.9 million). The Bordeaux producer is covered against losing his nose (oh, I can’t remember where I put my nose last night) and losing his sense of smell.
Lloyds says Gort can distinguish millions of different scents.
Over the years Lloyd’s has insured various famous body parts against injury including Fred Astaire’s legs and Keith Richards’ hands.
And it previously insured at least one other famous nose, but for vastly different reasons. The other secured schnoz: Jimmy Durante’s.
