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Everest buys out joint-venture partner

Bill Thygeson, Everest Insurance's chief administrative officer

Everest Insurance announced today that the company has purchased all outstanding remaining shares of its joint-venture partner, Salus Systems, LLC. Salus, founded in January 2017, develops and markets a collaborative safety management platform, Zero, a modern-era workplace safety software application designed to engage employees while tracking, observing, and responding to potential hazards in real time.

Everest Insurance is part of Bermudian-based Everest Re Group Ltd.

Zero emphasises proactive safety management at every level of an organisation through a collaborative risk identification process, with the goal of lowering claims-related costs and streamlining workforce safety operations.

Its easy-to-use, interactive features allow all members to participate in the reduction of workplace hazards and take ownership of company safety.

New enhancements to the software also allow for incident management, OSHA compliance and reporting capabilities.

“The growth and development of the Zero platform over the past two years has been incredible – it is truly a revolutionary tool in the workplace safety market,” said Bill Thygeson, Everest Insurance’s chief administrative officer.

“We are proud to provide clients with a product that can lead to both a tangible reduction in claims costs and an improvement in the safety and wellness of their employees.”