Business

New financial aids for damages caused by natural disasters

Aid measures to remedy the damages caused by earthquakes, landslides, floods, tornadoes, hurricanes and wild fires of natural origin may, under certain conditions, be granted to any small or medium-sized enterprise.

All costs resulting from the losses suffered as a direct consequence of the natural disaster are admissible costs. The loss must be assessed by an independent approved expert or an insurance claims assessor.

 The loss can include material damages caused to assets such as buildings, equipment, machinery or stocks as well as the loss of income due to the damages suffered.

In order to benefit from aid to remedy the damages caused by earthquakes, landslides, floods, tornadoes, hurricanes and wild fires of natural origin, it is necessary that:

  • the Government in council has officially recognised the event as a natural disaster; and
  • the is a direct causal link between the natural disaster and the damages suffered by the business concerned.
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