For each of the past 17 years, the All-England Lawn Tennis Club has paid for an insurance policy to guard against losses if Wimbledon should have to be canceled in the event of a worldwide pandemic.

That preparation will finally pay off this year. According to a report by the Action Network, the insurance will result in a payment worth $141 million -- or nearly half the amount that the club expects to lose as a result of the cancellation.

Officials would not confirm the details, but a spokesperson did tell the Action Network that the All-England Club “has always sought to buy the optimum insurance coverage available.”

Wimbledon was scheduled to run from June 29 to July 12.

The Action Network also reports the Royal & Ancient, which oversees the British Open golf championship, has pandemic insurance as well. That allowed the R&A to cancel this year's British Open, which was set to be held July 16-19 at Royal St. George's Golf Club.