Exhibit 10.32

                         EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement ("Agreement") is made effective this 28th
day of February 2006, by and between Delta Mutual, Inc., a Delaware Corporation
(the "Company"), and Peter F. Russo (the "Executive").

Company desires to employ Executive and Executive desires to enter into the
employ of Company in such capacity and on the terms and conditions contained in
this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the
parties, intending to be legally bound, agree as follows:

     1. Employment.

     Company hereby agrees to employ Executive as it's President and Chief
     Executive Officer and Executive hereby accepts such employment in
     accordance with the terms of this Agreement and the terms of employment
     applicable to employees of Company, in general. In the event of any
     conflict or ambiguity between the terms of this Agreement and the terms of
     employment applicable to employees of the Company in general, the terms of
     this Agreement shall prevail. Election or appointment of Executive to
     another office or position, regardless whether such position is inferior to
     Executive's initial position, shall not be a breach of this Agreement.
     Executive hereby represents and warrants that he has the legal capacity to
     execute and perform this Agreement and that it is a valid and binding
     agreement against him according to its terms. In addition, Executive
     represents and warrants that he knows of no reason why he is not physically
     capable of performing his obligations under this Agreement in accordance
     with its terms.

     2. Duties of Executive.

     Executive shall have such powers and duties as are commensurate with those
     positions as described in the Company's bylaws and as may be assigned to
     him from time to time by the Company's Board of Directors (the "Board").
     Except for periods of illness, incapacity, vacation periods and other
     periods of authorized absence, all in accordance with Company's regular
     practice for principal executive officers. Executive shall devote all of
     his business time, attention, skills and efforts exclusively to the
     business and affairs of Company and its subsidiaries and shall perform his
     duties in a professional, ethical and business-like manner. Executive, will
     not, during the term of this Agreement, directly or indirectly engage in
     any other business, either as an employee, employer, consultant, principal,
     officer, director, advisor, or in any other capacity, either with or
     without compensation, without the prior written consent of the Company.

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     3.  Compensation.

     For all services rendered by Executive in any capacity required hereunder
     during the term of this Agreement, including, without limitation, services
     as an employee, officer, director, or member of any committee of Company,
     or any subsidiary, affiliate or division thereof, Executive shall be
     compensated as follows:

              A.  A fixed salary of $180,000 per year ("Base Salary"), payable
                  in accordance with the customary payroll practices of the
                  Company, but in no event less frequently than monthly.
                  Notwithstanding the previous sentence of this Paragraph 3.A.,
                  Executive agrees to accept a minimum monthly salary of $6,500
                  until such time as the financial condition of the Company (as
                  determined by the Board, in its sole discretion) permits the
                  payment of his full monthly salary of $15,000. Executive
                  agrees that the Company will record as his accrued salary the
                  difference (if any) between the actual monthly salary paid to
                  Executive and $6,500 and that the Company shall have no
                  further accrued salary liability to Executive. The Base Salary
                  shall be reviewed not later than the end of each calendar year
                  that Executive is employed by Company. Company may directly or
                  indirectly withhold from any payments made under this
                  Agreement all Federal, state, city, local or other taxes as
                  shall be required pursuant to law or governmental regulation
                  or ruling.
              B.  Bonus. Executive shall be included, in a manner consistent
                  with his position, in any bonus system, bonus pool, incentive
                  compensation, profit sharing, deferred compensation or similar
                  plan or program for its principal executive officer, senior
                  executives, officers or employees that may be implemented from
                  time to time by the Board.
              C.  Stock Options. Executive shall be included, in a manner
                  consistent with his position, in any stock option plan(s) for
                  its principal executive officer, senior executives, officers
                  and/or employees of Company in general, that may be
                  established from time to time by the Board.
              D.  Additional Benefits. Except as modified by this Agreement,
                  Executive shall be entitled to participate in the Company's
                  group health insurance plan and any other benefit plans
                  (including pension or retirement plans) as are made available
                  to its principal executive, senior executives, officers and/or
                  employees of the Company in general. Notwithstanding the
                  foregoing, nothing in this Agreement shall preclude the
                  amendment or termination of the Company's group health
                  insurance plan or any other benefit plan or program, provided
                  that such amendment or termination is applicable to all
                  employees of Company. In addition, Executive shall be entitled
                  to be paid for vacation days, sick days and holidays in
                  accordance with the Company's current paid time off policies
                  for senior executives, provided that Executive shall be
                  entitled to not less than fifteen (15) days of paid vacation
                  per calendar year during the period that this Agreement is in
                  effect. The carry-over of any unused vacation days will be
                  governed by and in accordance with Company policy. Additional
                  periods of absence due to illness, incapacity or personal
                  leave, if any, shall be granted at the discretion of the Board
                  which, in its sole discretion, may compensate Executive during
                  periods of additional absence.
              E.  Business Expenses. Company shall pay or reimburse Executive
                  for all reasonable, necessary and usual business expenses
                  incurred by Executive in connection with the performance of
                  his duties and obligations under this Agreement, subject to
                  Executive's presentation of appropriate documentation and
                  receipts and in accordance with such procedures as Company may
                  from time to time establish for its principal executive
                  officer, senior executives and/or officers, consistent with
                  the need to preserve any deductions to which Company may be
                  entitled for Federal tax purposes.


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     4. Term and Termination

              A.  This Agreement shall commence on March 11, 2006 and shall
                  continue in   effect for a period of three (3) years (the
                  "Term").
              B.  Termination For Cause. Company may discharge Executive at any
                  time for "Cause" which shall be defined as any of the
                  following: 1) any act of fraud, misappropriation, self
                  dealing, personal dishonesty or moral turpitude; 2) willful
                  misconduct; 3) indictment of a crime that constitutes a
                  felony; 4) breach by Executive of any of his obligations
                  regarding confidential information as set forth in Section 5
                  of this Agreement; 5) if Executive fails or refuses (through
                  habitual neglect or otherwise) to perform material assigned
                  duties; 6) if Executive engages in conduct that causes
                  material harm or damage to Company, including Company's
                  reputation or standing; 7) any material violation of Company
                  policy, that is not cured within ten (10) days after receipt
                  of written notice from Company; or 8) any material breach of
                  any provision of this Agreement. In addition to applicable
                  law, Company may discharge Executive for "Cause" in the event
                  Executive becomes physically or mentally disabled and is
                  therefore substantially unable to carry out his duties for a
                  period of 120 days or more in any twelve-month period. In the
                  event of a termination for "Cause", Company shall provide five
                  (5) days written notice to Executive ("Termination Notice")
                  and Executive shall be ineligible for any additional Base
                  Salary, severance or other payments or benefits under this
                  Agreement or otherwise after the date of termination specified
                  in the Termination Notice.
              C.  Other Termination. If Executive's employment is terminated by
                  Company for any reason other than death or for "Cause" (as
                  defined in Section 4.B.), then Company agrees to continue
                  Executive's Base Salary for six (6) months or until such time
                  as Executive commences other full-time employment, whichever
                  occurs earlier. Executive may terminate this Agreement at any
                  time providing at least sixty (60) days written notice to
                  Company ("Executive's Termination Notice"). If Executive
                  terminates this Agreement, then Company may, upon receipt of
                  Executive's Termination Notice, immediately relieve Executive
                  of all obligations and duties under this Agreement, provided
                  that Executive's then current Base Salary and benefits shall
                  continue until the termination date specified in Executive's
                  Termination Notice.
              D.  Termination For Change In Control. If Executive's employment
                  is terminated without Cause upon a consolidation, merger or
                  the sale of substantially all the assets of Company to another
                  corporation or entity in which Company is not the surviving
                  entity, then Executive shall be entitled to receive a lump sum
                  payment upon such termination equal to the greater of: 1) 100%
                  of his then current Base Salary plus 100% of his incentive
                  compensation for the prior fiscal year or 2) 100% of his then
                  current Base Salary plus 100% of his projected annual
                  incentive compensation for the remainder of the Term of this
                  Agreement, and Executive shall not be entitled to any further
                  payments pursuant to this Agreement.

         5. Other Duties During and After Term.

              A.  Confidential Information. Executive recognizes and
                  acknowledges that all information pertaining to the affairs,
                  business, clients or customers of the Company or any of its
                  subsidiaries or affiliates (any and all such entities being
                  hereinafter referred to as the "Business"), as such
                  information may exist from time to time, other than
                  information that Company has previously made publicly
                  available or which is in the public domain, is confidential
                  information and is unique and valuable asset of the Business,
                  access to and knowledge of which are essential to the
                  performance of Executive's duties under this Agreement.
                  Executive shall not divulge to any person, firm, association,
                  corporation or governmental agency, any information concerning
                  the affairs, business, clients or customers of the Business
                  (except such information as is required by law to be divulged
                  to a government agency or pursuant to lawful process), or make
                  use of any such information for his own purposes or for the
                  benefit of any person, firm, association or corporation
                  (except the Business) and shall use his reasonable and best
                  efforts to prevent the disclosure of any such information by
                  others. All records, memoranda, letters, books, papers,
                  reports, accountings, experience or other data, and other
                  records and documents relating to the Business, whether made
                  by Executive or otherwise coming into his possession, are
                  confidential information and are, shall be, and remain
                  property of the Business. No copies shall be made which are
                  not retained by the Business, and Executive agrees, on
                  termination of his employment or on demand of Company, to
                  deliver same to Company.

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              B.  Remedies. Company's obligation to make payments or provide for
                  any benefits under this Agreement shall cease upon a violation
                  of the preceding provision of this Section 5. Executive
                  acknowledges that Company may be severely and irreparably
                  damaged in the event Executive violates the provision of
                  Section 5.A. above, and that the extent of the damage may be
                  difficult or impossible to determine. Therefore, Executive
                  agrees that the Company shall be entitled to equitable relief,
                  including a preliminary as well as a permanent injunction
                  (without the necessity of posting bond). Executive's agreement
                  as set forth in Section 5 shall (i) continue throughout the
                  duration of Executive's employment with Company; and (ii)
                  survive Executive's termination of this Agreement and/or
                  Executive's employment with Company, whether or not such
                  termination of Executive is voluntary, is the result of
                  termination of Executive by Company with or without Cause, or
                  is the result of a change in control.

         6. Notices.

         Any notice required by this Agreement or given in connection with it,
         shall be in writing and shall be given to the appropriate party by
         personal delivery or by certified mail, postage prepaid, or recognized
         overnight delivery services;

         If to Company:

                  Delta Mutual, Inc.
                  Attn: Chief Financial Officer
                  111 North Branch Street
                  Sellersville, PA 18960

         If to Executive:

                  Peter F. Russo
                  73 Watercrest Drive
                  Doylestown, PA 18901

         7. Final Agreement.

         This Agreement supercedes all prior understandings or agreements
         (whether written or oral) between Executive and Company or any of its
         subsidiaries and affiliates and sets forth the entire understanding
         between the parties with respect to the subject matter hereof. This
         Agreement may not be modified except by written amendment duly executed
         by both parties.

         8. Governing Law.

         This Agreement shall be construed and enforced in accordance with the
laws of the State of Pennsylvania.

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         9. Headings.

         Headings used in this Agreement are provided for convenience only and
         shall not be used to construe meaning or intent.

         10. No Assignment.

         Neither this Agreement nor any interest in this Agreement may be
         assigned by Executive without the prior written consent of Company,
         which may be withheld by Company at Company's absolute discretion.

         11. Severability.

         If any provision of this Agreement or application thereof to anyone or
         under any circumstances is adjudicated to be invalid or unenforceable
         in any jurisdiction, then this Agreement, including all of the
         remaining terms, will remain in full force and effect as if such
         invalid or unenforceable provision had never been included.

         12. Arbitration.

         The parties agree that they will use their best efforts to amicably
         resolve any dispute arising out of or relating to this Agreement. Any
         controversy, claim or dispute that cannot be so resolved shall be
         settled by final binding arbitration in accordance with the rules of
         the American Arbitration Association and judgment upon the award
         rendered by the arbitrator or arbitrators may be entered in any court
         having jurisdiction thereof. Any such arbitration shall be conducted in
         Philadelphia, Pennsylvania, or such other place as may be mutually
         agreed upon by the parties. Within fifteen (15) days after commencement
         of the arbitration, each party shall select one person to act as
         arbitrator, and the two arbitrators so selected shall select a third
         arbitrator within ten (10) days of their appointment. Each party shall
         bear its own costs and expenses and an equal share of the arbitrator's
         expenses and administrative fees of arbitration.


         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date first above written.



                                           DELTA MUTUAL, INC.


                                           By: /s/ Martin G. Chilek
                                               ------------------------
                                               Martin G. Chilek
                                               Vice President and CFO



                                           EXECUTIVE


                                           By: /s/ Peter F. Russo
                                               -------------------------
                                               Peter F. Russo

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