CoverageCorp, PayMaxx Offer Business Insurance Solution.Business Editors/High Tech Writers CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 2, 2000 Access CoverageCorp, Inc., a leading Internet provider Internet provider - Internet Service Provider of business insurance for small and mid-sized companies, announced today that it has formed a strategic alliance with PayMaxx, a national leader in payroll processing and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the payroll pioneer. Under the alliance, CoverageCorp's workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and other business insurance will be featured at PayMaxx's website, www.paymaxx.com , as a co-branded, self-service insurance resource center. The alliance will enable PayMaxx customers to obtain online insurance quotes and manage workers' compensation and other insurance programs simply, quickly and cost effectively. "We are committed to offering the highest quality products and services coupled with the highest level of integrity to our customers and partners," said Frederick Frederick, city, United States Frederick, city (1990 pop. 40,148), seat of Frederick co., NW Md.; settled 1745, inc. 1817. The processing center of a fertile farm and dairying area, it makes beer, household items, optical and glass products, leather goods, Waite Waite , Morrison Remick 1816-1888. American jurist who served as the chief justice of the U.S. Supreme Court (1874-1888). Noun 1. , chief eCommerce officer of CoverageCorp. "PayMaxx's payroll solutions are both easy to use and cost efficient for the business owners. We are pleased with the co-branding agreement that links us to them." "With CoverageCorp's workers compensation coverage, PayMaxx further strengthens its full range of state-of-the-art employer administrative services," said Farsheed Ferdowsi, PayMaxx president and chief executive officer. "Additionally, CoverageCorp enables the small business owner to focus on what's most important - the bottom line - by allowing them to pay as they go during their normal payroll cycle versus the typical approach of paying an annual fee." About PayMaxx Founded in 1991, PayMaxx offers state-of-the-art products and services to meet a variety of employer needs including Windows and Internet-based payroll processing, nationwide tax filing, 401(k) Administration, Abra HR Management Systems, and 401(k) and General Ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. interfaces. PayMaxx processes payroll for employers in all 50 states, for companies with one to 20,000 employees. Named to Inc. magazine's prestigious Inc. 500 list of America's fastest-growing private companies for two consecutive years, PayMaxx is also the recipient of the Inc./Cisco Growing with Technology Award. PayMaxx is among the top 10 privately held payroll-outsourcing companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . About CoverageCorp Based in Charlotte, CoverageCorp provides Internet access See how to access the Internet. to a full range of property and casualty insurance coverage for small and medium-sized businesses through nationally renowned insurers. Businesses accessing CoverageCorp or its partners can obtain quotes and bind coverage online--usually within the same business day; file or check on the status of a claim, update policy information and get advice on coverage and insurance products. For more information, visit http:\\www.coveragecorp.com or call 704/940-4313. |
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