USAA Small Business Insurance Reviews 2019 (Ratings, Complaints & Coverage). USAA, or the United Services Automobile Association, is a diversified financial services company. The insurance and insurance exchange subsidiaries of USAA are dedicated to offering insurance products to people who are either actively serving in the United States military and their family members. While USAA was originally set up to help members procure mutual automotive self-insurance, the company now offers a wide range of insurance and financial services including small business insurance coverage.
If you are a small business owner looking to buy liability insurance, read USAA small business insurance reviews to learn about USAA's products.
Check out USAA reviews, ratings, complaints & coverage for general liability, workers compensation and other small business insurance commercial policies.
To be eligible for their commercial insurance, you have to register as a member first. The membership is open to those who are serving or have served in the US military and their immediate family members. The definition of serving in the military extends to cadets and midshipmen as well.
They offer very limited services to non-members. The only sort of financial or insurance services you can get from them without being a member is life insurance and financial/investment consultancy service.
The small business insurance coverage strated in 2000 when the company partnered with The Hartford to offer a customized small business policy for members. The move came on the back of research which showed that close to half a million USAA members own small businesses. Since then USAA has partnered with Travelers and other insurance companies as an agency through which members can apply for commercial insurance. The USAA small business insurance reviews are good.
With United Services Automobile Association, you can opt for individual policies customized for your business needs. For instance, if you are the only person working in your small business then there is no need to take a small business package that includes premiums for workers compensation. USAA ratings here are ok. The following are the two broad categories of policies available for small businesses:
Business Owner's Policy (BOP) is a packaged insurance cover which offers protection for a wide variety of risks. While there is a standard BOP policy, there are options to customize it in order to fit the needs of different business owners. USAA ratings for the BOP are good. In general, the BOP policy will cover your for:
This policy covers you and your business from any lawsuits which may be lodged by your current or former employees due to work related accidents. Workers comp is required by law in most states if you have any [email protected] employees and provides for any medical costs incurred in the course of treating the injuries. It also offers compensation to the injured worker if they are incapacitated up to the point they are able to resume work. USAA small business insurance reviews are ok for WC.
Following are some ratings found online which appear mixed:
Address: 9800 Fredericksburg Road, San Antonio, TX 78288
Also known as USAA Casualty Insurance Company, USAA Transfer Agency Company and USAA Investment Management Company.
USAA works with some of the nation's leading insurance companies to offer competitive coverage options that can satisfy your needs.