USAA, a provider of insurance, banking and investment and retirement solutions to US military veterans, has entered into the small business insurance market.
Whilst the USAA Insurance Agency has offered small business insurance for the last 30 years through unaffiliated insurance companies, USAA will now offer their own small business insurance product.
The new insurance product will be available in Arizona, Colorado, Illinois, South Carolina and Tennessee, with its roll-out planned to go out this year.
Jim Syring, Retired Vice Admiral, United States Navy, and USAA’s Property and Casualty President, 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.”