Document:

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                                                                EXHIBIT 10(R)(6)

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                               SUBSIDIARY GUARANTY

                                     made by

                                 Subsidiaries of

                           COVER-ALL TECHNOLOGIES INC.

                                   in favor of

                                  JOHN ROBLIN,

                                 ARNOLD SCHUMSKY

                                       and

                                STUART STERNBERG

                            Dated as of June 28, 2001

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     SUBSIDIARY GUARANTY, dated as of June 28, 2001, made by each of the
signatories hereto (together with any other entity that may become a party
hereto as provided herein, the "GUARANTORS"), in favor of JOHN ROBLIN, ARNOLD
SCHUMSKY and STUART STERNBERG (collectively referred to as the "Holder")
pursuant to the 8.00% Convertible Debentures ("Debentures"), dated as of June
28, 2001 (as amended, supplemented or otherwise modified from time to time, the
"Debentures"), from COVER-ALL TECHNOLOGIES INC., a Delaware corporation (the
"BORROWER"), in favor of Holder.

                              W I T N E S S E T H:

     WHEREAS, the Borrower is obligated to Holder, pursuant to the terms and
subject to the conditions set forth in the Debentures;

     WHEREAS, the Borrower is a member of an affiliated group of companies that
includes each Guarantor;

     WHEREAS, the Borrower and the Guarantors are engaged in related businesses,
and each Guarantor will derive substantial, direct and indirect, benefit from
the making of the loan under the Debentures; and

     WHEREAS, it is a condition precedent to the Holder accepting delivery of
the Debentures that the Guarantors shall have executed and delivered this
Guaranty to the Holder;

     WHEREAS, Renaissance US Growth & Income Trust PLC, a public limited company
registered in England and Wales ("RUSGIT"), and BFSUS Special Opportunities
Trust PLC, a public limited company registered in England and Wales ("BFSUS")
(RUSGIT and BFSUS collectively referred to as "Renaissance"), has loaned to
Borrower on even date herewith, the aggregate principal amount of $1,400,000
evidenced by Borrower's 8.00% Convertible Debentures;

     WHEREAS, Renaissance, Renaissance Capital Group, Inc., a Texas corporation
("RCG"), and the Borrower have entered into a Pledge Agreement, certain Borrower
Security Agreements and Subsidiary Security Agreements of even date herewith
providing for the pledge and grants of security interests in the pledged Shares
and the Collateral to secure the payment when due of the Obligations of the
Borrower under the Loan Documents (as such terms are defined in the Convertible
Loan Agreement among Renaissance, RCG and Borrower); and

     WHEREAS, Renaissance and Holder have entered into an Intercreditor
Agreement of even date herewith setting forth the relative rights and
responsibilities as creditors of Borrower;

     NOW, THEREFORE, in consideration of the premises and to induce the Holder
to accept delivery of the Note, each Guarantor hereby agrees with the Holder as
follows:

                            ARTICLE I. DEFINED TERMS

     SECTION 1.01 DEFINITIONS.

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         (a) Unless otherwise defined herein, terms defined in the Debentures
and used herein shall have the meanings given to them in the Debentures.

         (b) The following terms shall have the following meanings:

         "GUARANTY": this Subsidiary Guaranty, as the same may be amended,
supplemented or otherwise modified from time to time.

         "OBLIGATIONS": the collective reference to the unpaid principal of, and
interest on, the Debentures, the Loan Agreement, and the other Loan Documents
and the loan evidenced thereby, and all other obligations and liabilities of the
Borrower to the Holder (including, without limitation, interest accruing at the
then applicable rate provided in the Debentures after the maturity of the
Debentures and interest accruing at the then applicable rate provided in the
Debentures after the filing of any petition in bankruptcy, or the commencement
of any insolvency, reorganization or like proceeding, relating to the Borrower,
whether or not a claim for post-filing or post-petition interest is allowed in
such proceeding) whether direct or indirect, absolute or contingent, due or to
become due, or now existing or hereafter incurred, which may arise under, out
of, or in connection with, the Debentures, this Guaranty or the other Loan
Documents, or any other document made, delivered or given in connection
therewith, in each case whether on account of principal, interest, fees,
indemnities, costs, expenses or otherwise (including, without limitation, all
fees and disbursements of counsel to the Holder that are required to be paid by
the Borrower pursuant to the terms of any of the foregoing agreements).

     SECTION 1.02 OTHER DEFINITIONAL PROVISIONS. The words "hereof," "herein,"
"hereto" and "hereunder" and words of similar import when used in this Guaranty
shall refer to this Guaranty as a whole and not to any particular provision of
this Guaranty, and Section and Schedule references are to this Guaranty unless
otherwise specified.

         (a) The meanings given to terms defined herein shall be equally
applicable to both the singular and plural forms of such terms.

                              ARTICLE II. GUARANTY

     SECTION 2.01 GUARANTY.

         (a) The Guarantors hereby, jointly and severally, unconditionally and
irrevocably, guarantee to the Holder and their respective successors, indorsees,
transferees and assigns, the prompt and complete payment and performance by the
Borrower when due (whether at the stated maturity, by acceleration or otherwise)
of the Obligations.

         (b) Anything herein or in any other Loan Document to the contrary
notwithstanding, the maximum liability of each Guarantor hereunder and under the
other Loan Documents shall in no event exceed the amount which can be guaranteed
by such Guarantor under applicable federal and

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state laws relating to the insolvency of debtors (after giving effect to the
right of contribution established in Section 2.02).

         (c) Each Guarantor agrees that the Obligations may, at any time and
from time to time, exceed the amount of the liability of such Guarantor
hereunder without impairing the guarantee contained in this Section 2 or
affecting the rights and remedies of the Holder hereunder.

         (d) The guarantee contained in this Section 2 shall remain in full
force and effect until all the Obligations and the obligations of each Guarantor
under the guarantee contained in this Section 2 shall have been satisfied by
payment in full.

     SECTION 2.02 RIGHT OF CONTRIBUTION. Each Guarantor hereby agrees that, to
the extent that a Guarantor shall have paid more than its proportionate share of
any payment made hereunder, such Guarantor shall be entitled to seek and receive
contribution from and against any other Guarantor hereunder which has not paid
its proportionate share of such payment. Each Guarantor's right of contribution
shall be subject to the terms and conditions of Section 2.03. The provisions of
this Section 2.02 shall in no respect limit the obligations and liabilities of
any Guarantor to the Holder, and each Guarantor shall remain liable to the
Holder for the full amount guaranteed by such Guarantor hereunder.

     SECTION 2.03 NO SUBROGATION. Notwithstanding any payment made by any
Guarantor hereunder or any set-off or application of funds of any Guarantor by
the Holder, no Guarantor shall be entitled to be subrogated to any of the rights
of the Holder against the Borrower or any other Guarantor or any collateral
security or guarantee or right of offset held by the Holder for the payment of
the Obligations, nor shall any Guarantor seek or be entitled to seek any
contribution or reimbursement from the Borrower or any other Guarantor in
respect of payments made by such Guarantor hereunder, until all amounts owing to
the Holder by the Borrower on account of the Obligations are paid in full. If
any amount shall be paid to any Guarantor on account of such subrogation rights
at any time when all of the Obligations shall not have been paid in full, such
amount shall be held by such Guarantor in trust for the Holder, segregated from
other funds of such Guarantor, and shall, forthwith upon receipt by such
Guarantor, be turned over to the Holder in the exact form received by such
Guarantor (duly indorsed by such Guarantor to the Holder, if required), to be
applied against the Obligations, whether matured or unmatured, in such order as
the Holder may determine.

     SECTION 2.04 AMENDMENTS, ETC. WITH RESPECT TO THE OBLIGATIONS. Each
Guarantor shall remain obligated hereunder notwithstanding that, without any
reservation of rights against any Guarantor and without notice to or further
assent by any Guarantor, any demand for payment of any of the Obligations made
by the Holder may be rescinded by the Holder and any of the Obligations
continued, and the Obligations, or the liability of any other person upon or for
any part thereof, or any collateral security or guarantee therefor or right of
offset with respect thereto, may, from time to time, in whole or in part, be
renewed, extended, amended, modified, accelerated, compromised, waived,
surrendered or released by the Holder, and the Debentures, the Loan Agreement
and the other Loan Documents and any other documents executed and delivered in
connection therewith may

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be amended, modified, supplemented or terminated, in whole or in part, as the
Holder may deem advisable from time to time, and any collateral security,
guarantee or right of offset at any time held by the Holder for the payment of
the Obligations may be sold, exchanged, waived, surrendered or released. The
Holder shall have no obligation to protect, secure, perfect or insure any Lien
at any time held by them as security for the Obligations or for the guarantee
contained in this Section 2 or any property subject thereto.

     SECTION 2.05 GUARANTY ABSOLUTE AND UNCONDITIONAL. Each Guarantor waives any
and all notice of the creation, renewal, extension or accrual of any of the
Obligations and notice of or proof of reliance by the Holder upon the guarantee
contained in this Section 2 or acceptance of the guarantee contained in this
Section 2; the Obligations, and any of them, shall conclusively be deemed to
have been created, contracted or incurred, or renewed, extended, amended or
waived, in reliance upon the guarantee contained in this Section 2; and all
dealings between the Borrower and any of the Guarantors, on the one hand, and
the Holder, on the other hand, likewise shall be conclusively presumed to have
been had or consummated in reliance upon the guarantee contained in this Section
2. Each Guarantor waives diligence, presentment, protest, demand for payment and
notice of default or nonpayment to or upon the Borrower or any of the Guarantors
with respect to the Obligations. Each Guarantor understands and agrees that the
guarantee contained in this Section 2 shall be construed as a continuing,
absolute and unconditional guarantee of payment without regard to (a) the
validity or enforceability of the Debentures, the Loan Agreement or any other
Loan Document, any of the Obligations or any other collateral security therefor
or guarantee or right of offset with respect thereto at any time or from time to
time held by the Holder, (b) any defense, set-off or counterclaim (other than a
defense of payment or performance) which may, at any time, be available to or be
asserted by the Borrower or any other person against the Holder, or (c) any
other circumstance whatsoever (with or without notice to or knowledge of the
Borrower or such Guarantor) which constitutes, or might be construed to
constitute, an equitable or legal discharge of the Borrower for the Obligations,
or of such Guarantor under the guarantee contained in this Section 2, in
bankruptcy or in any other instance. When making any demand hereunder or
otherwise pursuing its rights and remedies hereunder against any Guarantor, the
Holder may, but shall be under no obligation to, make a similar demand on or
otherwise pursue such rights and remedies as they may have against the Borrower,
any other Guarantor or any other Person or against any collateral security or
guarantee for the Obligations or any right of offset with respect thereto, and
any failure by the Holder to make any such demand, to pursue such other rights
or remedies or to collect any payments from the Borrower, any other Guarantor or
any other Person or to realize upon any such collateral security or guarantee or
to exercise any such right of offset, or any release of the Borrower, any other
Guarantor or any other person or any such collateral security, guarantee or
right of offset, shall not relieve any Guarantor of any obligation or liability
hereunder, and shall not impair or affect the rights and remedies, whether
express, implied or available as a matter of law, of the Holder against any
Guarantor. For the purposes hereof "demand" shall include the commencement and
continuance of any legal proceedings.

     SECTION 2.06 REINSTATEMENT. The guarantee contained in this Section 2 shall
continue to be effective, or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any

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of the Obligations is rescinded or must otherwise be restored or returned by the
Holder upon the insolvency, bankruptcy, dissolution, liquidation or
reorganization of the Borrower or any Guarantor, or upon or as a result of the
appointment of a receiver, intervenor or conservator of, or trustee or similar
officer for, the Borrower or any Guarantor or any substantial part of its
property, or otherwise, all as though such payments had not been made.

     SECTION 2.07 PAYMENTS. Each Guarantor hereby guarantees that payments
hereunder will be paid to the Holder without set-off or counterclaim in United
States Dollars at the office of the Holder as provided for in the Debentures.

                   ARTICLE III. REPRESENTATIONS AND WARRANTIES

     To induce the Holder to enter into the Loan Agreement and to accept
delivery of the Debentures, each Guarantor hereby represents and warrants to the
Holder that the representations and warranties set forth in ARTICLE IV of the
Loan Agreement as they relate to such Guarantor, each of which is hereby
incorporated herein by reference, are true and correct, and the Holder shall be
entitled to rely on each of them as if they were fully set forth herein,
PROVIDED that each reference in each such representation and warranty to the
Borrower's knowledge shall, for the purposes of this Section 3, be deemed to be
a reference to such Guarantor's knowledge.

                             ARTICLE IV. COVENANTS

     Each Guarantor covenants and agrees with the Holder that, from and after
the date of this Guaranty until the Obligations shall have been paid in full,
such Guarantor shall take, or shall refrain from taking, as the case may be,
each action that is necessary to be taken or not taken, as the case may be, so
that no Event of Default is caused by the failure to take such action or to
refrain from taking such action by such Guarantor or any of its subsidiaries.

                            ARTICLE V. MISCELLANEOUS

     SECTION 5.01 AMENDMENTS IN WRITING. None of the terms or provisions of this
Guaranty may be waived, amended, supplemented or otherwise modified except
pursuant to a written instrument signed by Holder.

     SECTION 5.02 NOTICES. Any notices or other communications required or
permitted to be given by this Agreement or any other documents and instruments
referred to herein must be (i) given in writing and personally delivered, mailed
by prepaid certified or registered mail or sent by overnight service, such as
FedEx, or (ii) made by telex or facsimile transmission delivered or transmitted
to the party to whom such notice or communication is directed, with confirmation
thereupon given in writing and personally delivered or mailed by prepaid
certified or registered mail.

     If to Borrower to:

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     Cover-All Technologies Inc.
     18-01 Pollitt Drive
     Fair Lawn, NJ 07410
     Attn.:   John W. Roblin
     Chairman and CEO
     Telephone:        (201) 794-4800
     Facsimile:        (201) 475-9287

     with a copy to:

     Piper Marbury Rudnick & Wolfe LLP
     1251 Avenue of the Americas
     New York, New York 10021
     Attn: Leonard Gubar, Esq.
     Telephone:        (212) 835-6020
     Facsimile:        (212) 835-6001

     If to Guarantor:

     Cover-All Systems Inc.
     18-01 Pollitt Drive
     Fair Lawn, NJ 07410
     Attn:    John W. Roblin
              Chairman and CEO
     Telephone:        (201) 794-4800
     Facsimile:        (201) 475-9287

     with a copy to:

     Piper Marbury Rudnick & Wolfe LLP
     1251 Avenue of the Americas
     New York, New York 10021
     Attn: Leonard Gubar, Esq.
     Telephone:        (212) 835-6020
     Facsimile:        (212) 835-6001

     If to Lender to:

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     John Roblin
     c/o 18-01 Pollitt Drive
     Fair Lawn, NJ 07410
     Attn.:   John W. Roblin
              Chairman and CEO
     Telephone:        (201) 794-4800
     Facsimile:        (201) 475-9287

     Arnold Schumsky
     c/o Spear, Leeds & Kellogg
     120 Broadway
     New York, New York  10271
     Telephone:        (212) 433-7046
     Facsimile:        (212) 433-7299

     and

     Stuart Sternberg
     c/o Spear, Leeds & Kellogg
     120 Broadway
     New York, New York  10271
     Telephone:        (212) 433-7046
     Facsimile:        (212) 433-7299

     If to Agent to:

     Stuart Sternberg
     c/o Spear, Leeds & Kellogg
     120 Broadway
     New York, New York  10271
     Telephone:        (212) 433-7046
     Facsimile:        (212) 433-7299

     Any notice delivered personally in the manner provided herein will be
deemed given to the party to whom it is directed upon the party's (or its
agent's) actual receipt. Any notice addressed and mailed in the manner provided
herein will be deemed given to the party to whom it is addressed at the close of
business, local time of the recipient, on the fourth business day after the day
it is placed in the mail, or, if earlier, the time of actual receipt.

     SECTION 5.03 WAIVER BY COURSE OF CONDUCT; CUMULATIVE REMEDIES. The Holder
shall not, by any act (except by a written instrument pursuant to Section 5.01
hereof), delay, indulgence, omission or otherwise, be deemed to have waived any
right or remedy hereunder or to have acquiesced in any Event of Default. No
failure to exercise, nor any delay in exercising, on the part of the Holder, any
right, power or privilege hereunder shall operate as a waiver thereof. No single

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or partial exercise of any right, power or privilege hereunder shall preclude
any other or further exercise thereof or the exercise of any other right, power
or privilege. A waiver by the Holder of any right or remedy hereunder on any one
occasion shall not be construed as a bar to any right or remedy which the Holder
would otherwise have on any future occasion. The rights and remedies herein
provided are cumulative, may be exercised singly or concurrently and are not
exclusive of any other rights or remedies provided by law.

     SECTION 5.04 ENFORCEMENT EXPENSES; INDEMNIFICATION.

         (a) Each Guarantor agrees to pay, or reimburse the Holder for, all its
reasonable costs and expenses incurred in collecting against such Guarantor
under the guarantee contained in Section 2 hereof or otherwise enforcing or
preserving any rights under this Guaranty and the other Loan Documents to which
such Guarantor is a party including, without limitation, the fees and
disbursements of counsel to the Holder.

         (b) Each Guarantor agrees to pay, and to save the Holder harmless from,
any and all liabilities with respect to, or resulting from any delay in paying,
any and all stamp, excise, sales or other taxes which may be payable or
determined to be payable in connection with any of the transactions contemplated
by this Guaranty.

         (c) Each Guarantor agrees to pay, and to save the Holder harmless from,
any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever with respect to the execution, delivery, enforcement, performance and
administration of this Guaranty, and hereby expressly and in addition thereto,
makes, assumes, affirms, adopts and ratifies the indemnification obligations
applicable to the Guarantors as set forth in the Debentures.

         (d) The agreements in this Section shall survive repayment of the
Obligations and all other amounts payable under the Debentures and the Loan
Agreement and the other Loan Documents.

     SECTION 5.05 SUCCESSORS AND ASSIGNS. This Guaranty shall be binding upon
the successors and assigns of each Guarantor and shall inure to the benefit of
the Holder and their respective successors and assigns; provided that no
Guarantor may assign, transfer or delegate any of its rights or obligations
under this Guaranty without the prior written consent of the Holder.

     SECTION 5.06 SET-OFF. Each Guarantor hereby irrevocably authorizes the
Holder at any time and from time to time while an Event of Default shall have
occurred and be continuing, without notice to such Guarantor or any other
Guarantor, any such notice being expressly waived by each Guarantor, to set-off
and appropriate and apply any and all deposits (general or special, time or
demand, provisional or final), in any currency, and any other credits,
indebtedness or claims, in any currency, in each case whether direct or
indirect, absolute or contingent, matured or unmatured, at any time held or
owing by the Holder to or for the credit or the account of such Guarantor, or
any part thereof in such amounts as the Holder may elect, against and on account
of the obligations and

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liabilities of such Guarantor to the Holder hereunder and claims of every nature
and description of the Holder against such Guarantor, in any currency, whether
arising hereunder, under the Debentures, the Loan Agreement, any other Loan
Document or otherwise, as the Holder may elect, whether or not the Holder has
made any demand for payment and although such obligations, liabilities and
claims may be contingent or unmatured. The Holder shall notify such Guarantor
promptly of any such set-off and the application made by the Holder of the
proceeds thereof, PROVIDED that the failure to give such notice shall not affect
the validity of such set-off and application. The rights of the Holder under
this Section are in addition to other rights and remedies (including, without
limitation, other rights of set-off) which the Holder may have.

     SECTION 5.07 COUNTERPARTS. This Guaranty may be executed by one or more of
the parties to this Guaranty in one or more of separate counterparts (including
by telecopy), and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

     SECTION 5.08 SEVERABILITY. Any provision of this Guaranty which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

     SECTION 5.09 SECTION HEADINGS. The Section headings used in this Guaranty
are for convenience of reference only and are not to affect the construction
hereof or be taken into consideration in the interpretation hereof.

     SECTION 5.10 INTEGRATION. This Guaranty and the other Loan Documents
represent the agreement of the Guarantors and the Holder with respect to the
subject matter hereof and thereof, and there are no promises, undertakings,
representations or warranties by the Holder relative to the subject matter
hereof and thereof not expressly set forth or referred to herein or in the other
Loan Documents.

     SECTION 5.11 GOVERNING LAW. THIS GUARANTY SHALL BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF
NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS THEREOF, AND THE
APPLICABLE LAWS OF THE UNITED STATES.

     SECTION 5.12 SUBMISSION TO JURISDICTION; WAIVERS. Each Guarantor hereby
irrevocably and unconditionally:

         (a) submits for itself and its property in any legal action or
proceeding relating to this Guaranty and the other Loan Documents to which it is
a party, or for recognition and enforcement of any judgment in respect thereof,
to the exclusive general jurisdiction of the Courts of the State of New York,
the courts of the United States of America located in New York, and appellate
courts thereof;

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         (b) consents that any such action or proceeding may be brought in such
courts and waives any objection that it may now or hereafter have to the venue
of any such action or proceeding in any such court or that such action or
proceeding was brought in an inconvenient court and agrees not to plead or claim
the same; and

         (c) waives, to the maximum extent not prohibited by law, any right it
may have to claim or recover in any legal action or proceeding referred to in
this Section any special, exemplary, punitive or consequential damages.

     SECTION 5.13 ACKNOWLEDGMENTS. Each Guarantor hereby acknowledges that:

         (a) it has been advised by counsel in the negotiation, execution and
delivery of this Guaranty and the other Loan Documents to which it is a party;

         (b) the Holder has no fiduciary relationship with or duty to any
Guarantor arising out of or in connection with this Guaranty or any of the other
Loan Documents, and the relationship between the Guarantors, on the one hand,
and the Holder, on the other hand, in connection herewith or therewith is solely
that of debtor and creditor; and

         (c) no joint venture is created hereby or by the other Loan Documents
or otherwise exists by virtue of the transactions contemplated hereby among the
Guarantors and the Holder.

     SECTION 5.14 WAIVER OF JURY TRIAL. EACH GUARANTOR AND, BY ACCEPTANCE OF THE
BENEFITS HEREOF, THE HOLDER, HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL
BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS GUARANTY OR ANY OTHER
LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK;
                            SIGNATURE PAGE FOLLOWS.]

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         IN WITNESS WHEREOF, each of the undersigned has caused this Guaranty to
be duly executed and delivered as of the date first above written.

                                    BORROWER:

                                    COVER-ALL SYSTEMS, INC.

                                    By: /s/ John W. Roblin
                                       -----------------------------------------
                                       John W. Roblin, Chairman and CEO

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                                                                       Exhibit I

                          FORM OF ASSUMPTION AGREEMENT

         ASSUMPTION AGREEMENT, dated as of _______________ __, ______ made by
_________________________, a ______________ corporation (the "Additional
Guarantor"), in favor of JOHN ROBLIN, ARNOLD SCHUMSKY and STUART STERNBERG
(collectively referred to as Holder) pursuant to the Debentures referred to
below. All capitalized terms not defined herein shall have the meaning ascribed
to them in such Debentures.

                              W I T N E S S E T H :

         WHEREAS, Cover-All Technologies Inc. (the "Borrower") has delivered to
the Holder 8.00% Convertible Debentures, dated as of June 28, 2001 (as amended,
supplemented or otherwise modified from time to time, the "Debentures");

         WHEREAS, in connection with the Debentures, the Borrower and certain of
its subsidiaries (other than the Additional Guarantor) have entered into the
Subsidiary Guaranty, dated as of June 28, 2001 (as amended, supplemented or
otherwise modified from time to time, the "Guaranty") in favor of the Holder;

         WHEREAS, the Debentures requires the Additional Guarantor to become a
party to the Guaranty; and

         WHEREAS, the Additional Guarantor has agreed to execute and deliver
this Assumption Agreement in order to become a party to the Guaranty;

         NOW, THEREFORE, IT IS AGREED:

         (a) GUARANTY. By executing and delivering this Assumption Agreement,
the Additional Guarantor, hereby becomes a party to the GUARANTY as a Guarantor
thereunder with the same force and effect as if originally named therein as a
Guarantor and, without limiting the generality of the foregoing, hereby
expressly assumes all obligations and liabilities of a Guarantor thereunder. The
information set forth in Annex 1-A hereto is hereby added to the information set
forth in Schedule 1 to the GUARANTY. The Additional Guarantor hereby represents
and warrants that each of the representations and warranties contained in
Section 3 of the GUARANTY is true and correct on, and as of, the date hereof
(after giving effect to this Assumption Agreement) as if made on and as of such
date.

         (b) GOVERNING LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE SUBSTANTIVE LAWS OF THE STATE OF
NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAWS PROVISIONS THEREOF, AND THE
APPLICABLE LAWS OF THE UNITED STATES.

<PAGE>

         IN WITNESS WHEREOF, the undersigned has caused this Assumption
Agreement to be duly executed and delivered as of the date first above written.

                                  [ADDITIONAL GUARANTOR]

                                  By:
                                      ------------------------------------------
                                  Name:
                                        ----------------------------------------
                                  Title:
                                         ---------------------------------------

                                       14<PAGE>

                                                                EXHIBIT 10(R)(7)

                          SUBSIDIARY SECURITY AGREEMENT
                                (with Schedule I)

     This SECURITY AGREEMENT is made and entered into as of this 28th day of
June, 2001, among COVER-ALL SYSTEMS, INC., a Delaware corporation (the
"Guarantor"), and JOHN ROBLIN, ARNOLD SCHUMSKY AND STUART STERNBERG
(collectively referred to as "Lender"), and STUART STERNBERG, as agent for the
Secured Party (the "Agent").

     WHEREAS, Lender, Agent and Cover-All Technologies Inc. (the "Borrower"),
have entered into a Convertible Loan Agreement of even date herewith (the "Loan
Agreement"), pursuant to which Lender will lend to the Borrower the aggregate
principal amount of $400,000 evidenced by the Borrower's 8.00% Convertible
Debentures of even date herewith (the "Debentures");

     WHEREAS, as a condition for entering into the Loan Agreement and providing
the Loan, Lender required that Guarantor, a subsidiary of the Borrower,
guarantee the Obligations of the Borrower and grant a security interest in the
assets of Guarantors as collateral for such Guarantee;

     WHEREAS, Guarantors executed a Guarantee of even date herewith in favor of
Lender (the "Guarantee"), whereby Guarantors guaranteed the due performance and
full and prompt payment of all obligations and indebtedness of the Borrower
arising under the Loan Agreement;

     WHEREAS, Renaissance US Growth & Income Trust PLC, a public limited company
registered in England and Wales ("RUSGIT"), and BFSUS Special Opportunities
Trust PLC, a public limited company registered in England and Wales ("BFSUS")
(RUSGIT and BFSUS collectively referred to as "Renaissance"), has loaned to
Borrower on even date herewith, the aggregate principal amount of $1,400,000
evidenced by Borrower's 8.00% Convertible Debentures;

     WHEREAS, Renaissance, Renaissance Capital Group, Inc., a Texas corporation
("RCG"), and the Borrower have entered into a Pledge Agreement, certain Borrower
Security Agreements and Subsidiary Security Agreements of even date herewith
providing for the pledge and grants of security interests in the pledged Shares
and the Collateral to secure the payment when due of the Obligations of the
Borrower under the Loan Documents (as such terms are defined in the Convertible
Loan Agreement among Renaissance, RCG and Borrower); and

     WHEREAS, Renaissance and Holder have entered into an Intercreditor
Agreement of even date herewith setting forth the relative rights and
responsibilities as creditors of Borrower;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements set forth herein, the parties hereby agree as follows:

     1. GRANT OF SECURITY INTEREST. In order to secure payment when due of all
Obligations now existing or hereafter incurred, Guarantors hereby irrevocably
grant to Lender a first and prior security interest in the following property of
Guarantors (the "Collateral"),

<PAGE>

whether now owned or existing, or hereafter acquired, owned, existing or arising
(whether by contract or operation of law), and wherever located, which shall be
retained by Lender, until the Obligations have been paid in full and the Loan
Agreement has been terminated.

              (i) All accounts (including inter-company receivables),
         contract rights, chattel paper and rights of payment of every kind
         (collectively, "Accounts") and instruments and general intangibles of
         Guarantor.

              (ii) All bank accounts of Guarantor.

              (iii) All monies and property of any kind of Guarantor, now or
         hereafter, in the possession or under the control of Lender, Agent or a
         bailee of Lender.

              (iv) All licenses, patents, patent applications, copyrights,
         trademarks, trademark applications, trade names, assumed names, service
         marks and service mark applications and other intellectual property of
         Guarantor, as more particularly described on SCHEDULE 1 attached hereto
         and incorporated herein for all purposes.

              (v) All inventory, equipment (including any and all computer
         hardware and components), machinery and fixtures of Guarantor in all
         forms and wherever located, and all parts and products thereof, all
         accessories thereto, and all documents therefor.

              (vi) All books and records (including, without limitation,
         customer lists, credit files, tapes, ledger cards, computer software
         and hardware, electronic data processing software, computer programs,
         printouts and other computer materials and records) of Guarantor
         evidencing or containing information regarding or otherwise pertaining
         to any of the foregoing.

              (vii) All accessories to, substitutions for and all replacements,
         products and proceeds of the foregoing including, without limitation,
         proceeds of insurance policies insuring the Collateral (including, but
         not limited to, claims paid and premium refunds).

     2. INSURANCE ON COLLATERAL. Guarantors further warrant and agree that in
each case where the terms of any such Accounts require the Guarantor or the
account debtor named in such Account to place or carry insurance in respect of
the property to which such Account relates, the Guarantor or the account debtor
will pay for and maintain such insurance.

     3. DELIVERY OF RECEIVABLES. Upon Lender's or Agent's request, upon the
occurrence of an Event of Default, the Guarantors will, at any reasonable time
and at Guarantor's own expense, physically deliver to Lender or Agent all
Accounts assigned to Lender at any reasonable place or places designated by
Lender or Agent. Failure to deliver any Account, or failure to deliver physical
possession of any instruments, documents or writings in respect of any Account
shall not invalidate Lender's Lien and security interest therein, except to the
extent that

                                      -2-
<PAGE>

possession may be required by applicable law for the perfection of said Lien or
security interest, in which latter case, the Account shall be deemed to be held
by Guarantors as the custodian agent of Lender, for the benefit of Lender.
Failure of Lender or Agent to demand or require Guarantors to include any
Account in any schedule, to execute any schedule, to assign and deliver any
schedule or to deliver physical possession of any instruments, documents or
writings related to any Account shall not relieve Guarantors of their duty so to
do.

     4. COLLECTION OF RECEIVABLES. Guarantors hereby agree that they shall use
commercially reasonable efforts, at their sole cost and expense and in their own
names, to promptly and diligently collect and enforce payment of all Accounts
and Guarantors will defend and hold Lender harmless from any and all loss,
damage, penalty, fine or expense arising from such collection or enforcement.

     5. FINANCING STATEMENTS. Guarantors agree to execute all financing
statements and amendments thereto as Lender or Agent may request from time to
time to evidence the security interest granted to Lender hereunder and will pay
all filing fees and taxes, if any, necessary to effect the filing thereof.
Wherever permitted by law, Guarantors authorize Lender or Agent to file
financing statements with respect to the Collateral without the signature of
Guarantors, and shall give notice thereof to the Guarantors. Without the written
consent of Lender or Agent, Guarantors will not allow any financing statement or
notice of assignment to be on file in any public office covering any Collateral,
proceeds thereof or other matters subject to the security interest granted to
Lender herein, unless such financing statement relates to a Permitted Lien.

     6. LENDER'S PAYMENT OF CLAIMS. Lender may, in its sole discretion,
discharge or obtain the release of any security interest, lien, claim or
encumbrance asserted by any Person against the Collateral, other than a
Permitted Lien. All sums paid by Lender in respect thereof shall be payable, on
demand, by Guarantors to such Lender and shall be a part of the Obligations.

     7. DEFAULT AND REMEDIES.

        (a) Guarantors shall be in default hereunder upon the occurrence of an
     Event of Default, as set forth in the Loan Agreement.

        (b) Upon the occurrence of any Event of Default which shall be
     continuing, (i) unless Lender or Agent shall elect otherwise, the entire
     unpaid amount due under the Guarantee as are not then otherwise due and
     payable shall become immediately due and payable without notice to
     Guarantors or demand by Lender or Agent and (ii) either Lender or Agent may
     at its or their option exercise from time to time any and all rights and
     remedies available to them under the Uniform Commercial Code or otherwise,
     including the right to foreclose or otherwise realize upon the Collateral
     and to dispose of any of the Collateral at one or more public or private
     sales or other proceedings, and Guarantors agree that any of Lender, Agent
     or their nominee may become the purchaser at any such sale or sales.
     Guarantors agree that twenty (20) days shall be reasonable prior notice of
     the date of any public sale or other disposition, if the same may be made.
     All rights and remedies granted Lender hereunder or under any other
     agreement between Lender and Guarantors shall be deemed concurrent and
     cumulative and not alternative, and Lender, or Agent on its behalf, may
     proceed with any number of remedies at the

                                      -3-
<PAGE>

     same time or at different times until all the Obligations are fully
     satisfied. The exercise of any one right or remedy shall not be deemed a
     waiver or release of or an election against any other right or remedy.
     Guarantors shall pay to Lender or Agent, on demand, any and all expenses
     (including reasonable attorneys' fees and legal expenses) which may have
     been incurred by Lender or Agent (i) in the prosecution or defense of any
     action growing out of or connected with the subject matter of this
     Agreement, the Guarantee, the Collateral or any of Lender's rights therein
     or thereto; or (ii) in connection with the custody, preservation, use,
     operation, preparation for sale or sale of the Collateral, the incurring of
     all of which are hereby authorized to the extent Lender or Agent deem the
     same advisable. Guarantors' liability to Lender or Agent for any such
     payment shall be included in the Obligations. The proceeds of any
     Collateral received by Lender or Agent at any time before or after default,
     whether from a sale or other disposition of Collateral or otherwise, or the
     Collateral itself, may be applied to the payment in full or in part of such
     of the Obligations and in such order and manner as Lender or Agent may
     elect.

     8. REPRESENTATIONS AND COVENANTS OF GUARANTOR. Guarantor hereby represents
to and agrees with Lender as follows:

        (a) Guarantor owns the Collateral as sole owner, free and clear of any
     Liens, other than Permitted Liens.

        (b) So long as any amounts due pursuant to the Loan Agreement remain
     unpaid, Guarantor agrees not to sell, assign or transfer the Collateral,
     other than the sale of Collateral in the ordinary course of business, and
     to maintain it free and clear of any Liens, other than Permitted Liens.

     9. MISCELLANEOUS.

        (a) This Agreement shall bind and inure to the benefit of the parties
     and their respective heirs, personal representatives, successors and
     assigns, except that Guarantor shall not assign any of its rights hereunder
     without the prior written consent of the holders of more than 50% of the
     principal amount of the then outstanding Debentures.

        (b) Any provision hereof which is prohibited or unenforceable in any
     jurisdiction shall, as to such jurisdiction, be ineffective to the extent
     of such prohibition or unenforceability without affecting the validity or
     enforceability of the remainder of this Agreement or the validity or
     enforceability of such provision in any other jurisdiction.

        (c) All issues arising hereunder shall be governed by the laws of the
     State of New York.

        (d) Guarantor hereby consents to the jurisdiction of the courts of the
     State of New York in any action or proceeding which may be brought against
     them under or in connection with this Agreement or any transaction
     contemplated hereby or to enforce any agreement contained herein, and in
     the event any such action or proceeding shall be brought against one or
     both of them, Guarantors agree not to raise any objection to such

                                      -4-
<PAGE>

     jurisdiction or to the laying of venue in New York County, New York or, if
     applicable, any other county in any state in which Collateral is located.

        (e) Any notices or other communications required or permitted to be
     given by this Agreement or any other documents and instruments referred to
     herein must be (i) given in writing and personally delivered, mailed by
     prepaid certified or registered mail or sent by overnight service, such as
     FedEx, or (ii) made by telex or facsimile transmission delivered or
     transmitted to the party to whom such notice or communication is directed,
     with confirmation thereupon given in writing and personally delivered or
     mailed by prepaid certified or registered mail.

     If to Guarantor to:

     Cover-All Systems, Inc.
     18-01 Pollitt Drive
     Fair Lawn, NJ 07410
     Attn.:   John W. Roblin
              Chairman and CEO
     Telephone:        (201) 794-4800
     Facsimile:        (201) 475-9287

     with a copy to:

     Piper Marbury Rudnick & Wolfe LLP
     1251 Avenue of the Americas
     New York, New York 10021
     Attn: Leonard Gubar, Esq.
     Telephone:        (212) 835-6020
     Facsimile:        (212) 835-6001

     If to Lender to:

     John Roblin
     c/o 18-01 Pollitt Drive
     Fair Lawn, NJ 07410
     Attn.:   John W. Roblin
              Chairman and CEO
     Telephone:        (201) 794-4800
     Facsimile:        (201) 475-9287

     Arnold Schumsky
     c/o Spear, Leeds & Kellogg
     120 Broadway
     New York, New York  10271
     Telephone:        (212) 433-7046
     Facsimile:        (212) 433-7299

                                      -5-
<PAGE>

     and

     Stuart Sternberg
     c/o Spear, Leeds & Kellogg
     120 Broadway
     New York, New York  10271
     Telephone:        (212) 433-7046
     Facsimile:        (212) 433-7299

     If to Agent to:

     Stuart Sternberg
     c/o Spear, Leeds & Kellogg
     120 Broadway
     New York, New York  10271
     Telephone:        (212) 433-7046
     Facsimile:        (212) 433-7299

     Any notice delivered personally in the manner provided herein will be
deemed given to the party to whom it is directed upon the party's (or its
agent's) actual receipt. Any notice addressed and mailed in the manner provided
herein will be deemed given to the party to whom it is addressed at the close of
business, local time of the recipient, on the fourth business day after the day
it is placed in the mail, or, if earlier, the time of actual receipt.

         (f) Capitalized terms used herein, unless otherwise defined herein,
     have the definitions given them in the Loan Agreement among Borrower and
     Lender, Agent.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK;
                            SIGNATURE PAGE FOLLOWS.]

                                      -6-
<PAGE>

     IN WITNESS WHEREOF, this Agreement has been duly executed as of the date
and year written above.

                                   COVER-ALL SYSTEMS, INC.

                                   By:      /s/ John W. Roblin
                                            ------------------------------------
                                            John W. Roblin, Chairman and CEO

                                   LENDER:

                                   By:      /s/ John Roblin
                                            ------------------------------------
                                            John Roblin

                                   By:      /s/ Arnold Schumsky
                                            ------------------------------------
                                            Arnold Schumsky

                                   By:      /s/ Stuart Sternberg
                                            ------------------------------------
                                            Stuart Sternberg

                                   AGENT:

                                   By:      /s/ Stuart Sternberg
                                            ------------------------------------
                                            Stuart Sternberg

                                      -7-

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