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Essential aid for damaged businesses

Published on July 11, 2023 by Pierre Belhache - 6 mins reading time
Professional Business Self-employed

At the beginning of July, Bruno Le Maire, the French Minister of the Economy and Finance, and Olivia Grégoire, the French Minister for Small and Medium-sized Enterprises, Trade, Craft Trades and Tourism, presented support measures designed to help professionals affected by damage to their businesses following the riots at the end of June and beginning of July.

Over 2,500 damaged shops

Nearly 2,500 businesses were damaged, looted or even set on fire, according to the results of the riots that took place in several of France's major cities between June 27 and July 2.

Among the companies most affected are :

  • personal equipment (clothing, footwear, leather goods, etc.),
  • food shops,
  • showcase services (banks, insurance companies, etc.).

These events are not without consequences for professionals.

To help them get back up and running, the French government, through the Minister of the Economy and Finance and the Minister Delegate for SMEs, Trade, Crafts and Tourism, has announced immediate measures. In particular, the companies concerned will be able to defer their social security and tax charges. At the same time, the mobilization of crisis exit advisors, on hand to inform and support business leaders, has been stepped up.

The French government is also planning to postpone the end of sales by a further week. Initially set for July 25, 2023, this would be pushed back to August 1 inclusive.

 

 

 

Banks and insurers in demand

Bercy is also inviting insurers and bankers to :

  • extend the time taken by companies to report claims,
  • quickly compensate victims,
  • reduce deductibles on compensation,
  • show understanding for bank deadlines.

 

For their part, businesses have every interest in securing their premises by ensuring that their windows are not damaged and that their alarm systems are still in service. Those who have suffered a loss need to gather evidence of the damage (photos, invoices, testimonials, etc.) to present to their insurers.

Without delay, these establishments must lodge a complaint with the police station or gendarmerie in order to receive compensation. To save time, it is possible to file a pre-complaint online.

Finally, it is essential to report the claim to the insurer by telephone or e-mail within 5 working days of its discovery. Theinsurance company will appoint an expert to assess the extent of the damage. If the damage has led to a temporary reduction or suspension of activity (partial unemployment, partial activity), the company should contact the DIRECCTE.

Bruno Le Maire expressed his solidarity with the shopkeepers, sharing their " sense of revolt ". He indicated that the " first response to these events " is " total firmness, the authority of theState ".