Cover-All Announces General Availability of NexGen Commercial Auto for 50 US Jurisdictions

FAIRFIELD, N.J.--(BUSINESS WIRE)-- Cover-All Technologies Inc. (OTC QB: COVR.PK), a Delaware corporation, today announced the general availability of the ISO®-based NexGen Commercial Automobile product, now available for 50 US jurisdictions.

“This effort represents more than just a ‘re-platforming’ of our legacy product,” commented John Roblin, Chairman & CEO of Cover-All. “We have established a significant competitive advantage by offering the entire ISO®-based Commercial Auto product – with all coverages, vehicle types, forms, rating algorithms and statistical codes. Leveraging nearly every aspect of the ISO®-based lines, the NexGen products allow customers to dramatically cut implementation times, while still preserving the flexibility to deviate with customization that differentiates them in the market. We believe that the combination of this robust product along with the power of the My Insurance Center™ NexGen platform represents a truly revolutionary set of capabilities designed for the future of our industry.”

Manish Shah, President and CTO of the Company, added, “We have arguably taken one of the most complex insurance lines in the industry and crafted a solution that features the most intuitive design, while also offering the greatest product depth and breadth available, in the market. We designed the product so it can be easily and effectively deployed to various distribution channels such as retail agents, Brokers, Program Administrators etc., without the need for separate portal products. Despite this flexibility, the product is very robust and extremely efficient for the carriers’ business operations.”

This latest release, in conjunction with the My Insurance Center NexGen Policy Administration Platform, supports the full rate, quote, issuance, subsequent transactions, renewals, document generations & imaging and statistical reporting for the entire ISO®-based Commercial Auto product, including all aspects of Business Auto, Garage, Trucks and Motor Carriers. Leveraging Web 2.0 technology, the 100% browser-based solution also provides full support for automated straight-through-processing and many “self-service” oriented capabilities such as user defined workflow, underwriting rules, commission plans, payment plans and a host of additional features made possible only through the use of the most flexible and modern technologies available today.

Three customers have already taken delivery of NexGen Commercial Auto and we are in various stages of discussion with additional new and current customers for this product.

“Based on early feedback from existing customers, prospects and industry consultants,” Mr. Shah continued, “we believe that the NexGen Commercial Automobile product has left competitive solutions significantly behind the curve.”

About Cover-All Technologies Inc.

Cover-All Technologies Inc., since 1981, has been a leader in developing sophisticated software solutions for the property and casualty insurance industry. With My Insurance Center, a 100% web-based platform, Cover-All is building on its reputation for quality insurance solutions, knowledgeable people and outstanding customer service by creating new and innovative insurance solutions that leverage the latest technologies and bring our customers outstanding capabilities and business results.

Pairing state-of-the-art functionality of My Insurance Center with experienced service professionals, who after implementation ensure continued compliance with statutory, regulatory, and market differentiation needs, Cover-All continues its tradition of innovating technology solutions to revolutionize the way the property and casualty insurance business is conducted.

Additional information is available online at www.cover-all.com.

Cover-All®, My Insurance Center™ (MIC) and Insurance Policy Database™ (IPD) are trademarks or registered trademarks of Cover-All Technologies Inc. All other company and product names mentioned are trademarks or registered trademarks of their respective holders.

Forward-looking Statements

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 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, 2010, filed with the SEC on March 24, 2011, a copy of which are available from the SEC or may be obtained upon request from the Company.