Tampa, FL -(BusinessWire)- CoAdvantage Corporation, a 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.
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.
Source: BusinessWire