Customized insurance solutions are also available for the specific requirements of companies that are directly or indirectly involved in the U.S. Open. (Photo: Stephen Hilger/Bloomberg News)
Every sporting event involves a number of risks. These can be large or small, expected or unexpected. There is only one certainty: No one could handle these multiple risks on their own. Without insurance, there would be no U.S. Open, no World Cup, no Olympics and probably no organized competitive sport at all.
Fortunately, the U.S. Open has a history of running successfully and has never been interrupted thus far. If, however, a match were to be delayed by just a couple of minutes due to a simple power failure or transmission error, advertising slots on TV channels would be canceled, bringing in losses nationwide. In addition to technical failure, weather events, natural disasters, epidemics or terrorist attacks could also cause a major sporting event to be postponed, or in the worst-case scenario, canceled.
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