USAA, a property-casualty insurer in the US, has announced its entry into the small business insurance market amid increasing demand.
The company, which used to offer small business insurance through unaffiliated insurance companies for 30 years, will now offer its own product.
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Currently, the USAA small business insurance product is available in five states – Arizona, Colorado, Illinois, South Carolina and Tennessee, which the rollout in other states is planned through 2021.
With its suite of product offerings, the company seeks to cater to small business owners across all industries and in virtually every state.
USAA Property and Casualty President Jim Syring said: “For small business owners, their business is their life and livelihood.
“They put their heart into building their business and work around the clock to make it a success. We believe we understand veterans better than anyone and want to be there to support them and their business every step of the way.”
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By GlobalDataUSAA (United Services Automobile Association) was founded in 1922 by a group of military officers. It provides insurance, banking and investment and retirement solutions to 13 million members of the US military, veterans and their families.
The company is headquartered in San Antonio, Texas, and has offices in seven cities with three overseas locations.
Globally, it employs more than 35,000 people.
