The Covid-19 epidemic is causing an unprecedented crisis. The two-month confinement resulted in a major reduction in activity in almost all economic sectors. Faced with the urgency of the situation, and although contractually the operating loss guarantees are not applicable under current circumstances, Crédit Mutuel insurances and CIC Assurances offer their clients who have taken out professional multi-risk insurance with business interruption a mutual, fixed and immediate stimulus bonus. Concretely, this will take the form of a payment corresponding to a lump sum estimate of loss of income from each economic sector during this period. With an average amount of 7,000 euros, this mutual stimulus bonus between 1,500 and 20,000 euros, will mobilize nearly 200 million euros.
This unique initiative is part of the essential mission of Crédit Mutuel insurances and CIC Assurances based on solidarity that favors the pooling of risks over consumerist measures. It also demonstrates, through proof, the commitment of Crédit Mutuel and CIC to contribute to safeguarding employment, supporting the local economy and the national solidarity effort towards artisans, traders, professionals and SMEs.
Source: Crédit Mutuel Website