School coach company sent into administration following fire

School bus services have been disrupted following Gerald Coaches Ltd. being placed in administration. The Coach and Bus company suffered a fire just over a month ago that caused damage at the company’s depot. Gerard’s Coaches had been trading since 1991 and employs over 50 staff with a fleet of 50 coaches.

The fire, in August 2015, led to the destruction of half of the fleet’s repair workshop and damaged three of the company’s vehicles.

The West Yorkshire Authority said that they were working hard to ensure that service disruption is at a minimum and if anyone is in doubt they should contact their school.

Daniel Fosker Quotax Insurance Services – Unfortunately it is extremely common for businesses to go into administration following a disaster even if they have some level of business interruption cover. Various Insurance sources estimate that between 40% to 80% of businesses that suffer a major disaster cease trading within 2 years the exact figure varies from Insurer to Insurer. We encourage our commercial clients to take out sufficient business interruption cover so they can continue to trade should the worst happen. If any Bus and Coach companies would like to discuss how we can help cover your business please feel free to call us on 0208 469 9679.  Quotax Bus and Coach Insurance.