Cover-All Technologies Inc. (NYSE MKT: COVR), a leading provider of innovative and modern P/C insurance software solutions, announced today that it has signed an agreement with an insurance carrier for Cover-All Policy with Bureau and Non-Bureau Products. This new customer will be in addition to three new customer agreements announced in May 2015.
The new customer is a mid-size regional carrier in the southern region of the U.S. They will be implementing Cover-All Policy for various bureau-based products such as BOP, commercial package (property, general liability, inland marine, and crime), commercial auto as well as non-bureau based products such as personal/commercial/farm umbrella, farm liability, and special classes inland marine. This additional new agreement highlights the breadth and capability of Cover-All’s solution to support bureau and non-bureau products in an increasingly shifting and competitive marketplace.
“We are very pleased to have another new customer contract resulting in four new customer contracts this year so far. The market’s reception towards our solutions is encouraging and we are excited about the long-term relationships these new customers represent. We remain focused on customer needs and success within all aspects of our operations.” said Manish Shah, president and CEO of Cover-All.
Statements in this press release, other than statements of historical information, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks which may cause the Company’s actual results in future periods to differ materially from expected results. Those risks include, among others, risks associated with increased competition, customer decisions, the successful completion of continuing development of new products, the successful negotiations, execution and implementation of anticipated new software contracts, the successful implementation of our acquisition strategies and our ability to complete or integrate acquisitions, the successful addition of personnel in the marketing and technical areas, our ability to complete development and sell and license our products at prices which result in sufficient revenues to realize profits and other business factors beyond the Company’s control. Those and other risks are described in the Company’s filings with the Securities and Exchange Commission (“SEC”) over the last 12 months, including but not limited to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, filed with the SEC on March 31, 2015, copies of which are available from the SEC or may be obtained upon request from the Company.