The International Olympic Committee has taken out insurance worth £93m against partial or full cancellation of this summer's Athens Games.
The Athens project has been beset by problems
The policy covers terrorism, earthquakes, flooding and landslides.
IOC president Jacques Rogges was quick to dismiss suggestions the decision had been made because of concerns over security and construction delays.
It is the first time the IOC has insured the event but chiefs also plan to cover Turin's 2006 Winter Games.