CoAdvantage Aligns With Zurich in North America for Workers’ Compensation

CoAdvantage Corporation, a leading provider of strategic human resource solutions for small to mid-sized companies, announced Zurich in North America as the new national underwriter for CoAdvantage workers’ compensation coverage.

“This new relationship further reinforces the value we provide employers and employees and marks a significant step forward as CoAdvantage expands nationally.”

The new program, which took effect April 1, provides CoAdvantage clients with superior workers’ compensation services. Zurich is rated A+ by credit rating organization A.M. Best.*

“Zurich is a global insurance provider with high appraisal in the industry,” said Mike Maseda, CoAdvantage’s chief executive officer. “This new relationship further reinforces the value we provide employers and employees and marks a significant step forward as CoAdvantage expands nationally.”

The new engagement is part of several strategic moves aimed toward bringing CoAdvantage’s industry-leading customer service to businesses nationwide. In February 2014 CoAdvantage acquired Colorado-based Discovery Outsourcing, LLC and New Jersey-based Compensation Solutions. Both acquisitions strengthen the company’s position in key geographic markets.

CoAdvantage, a portfolio company of New York-based private equity firm CIP Capital, serves over 45,000 worksite employees in all 50 states, combining the resources of a national provider with a local focus delivery.

*Rating as of March 31, 2014. For information about the ratings of individual member companies of Zurich in North America, including Zurich American Insurance Company, access the ratings section on www.zurichna.com.

About CoAdvantage

CoAdvantage, a leader in human resource solutions, provides Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. The company has offices throughout Florida, Texas, Arizona, Colorado and New Jersey, serving more than 45,000 worksite employees nationwide. For more information, visit www.coadvantage.com

About CIP Capital

CIP Capital is a New York based private equity firm focused on investing in growth-oriented, middle-market companies across the Business Information and Outsourced Services markets in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, proprietary content and value-added outsourced services. Targeted sectors for investment include: B2B information management, marketing services, business process outsourcing, and knowledge services. For more information please visit: www.cip-capital.com.

Contacts

CoAdvantage Corporation

Sonya Trezevant, (813) 739-3209

Vice-President, Marketing

strezevant@coadvantage.com