USAA, Hartford Launch Small Business Program

SAN ANTONIO-San Antonio-based USAA has joined with Hartford Financial Services Group to offer specialized coverage to financial service companies, mortgage brokers and as many as 700 other types of small businesses.

The USAA Business Insurance Program, underwritten by Hartford, includes business income coverage to keep a company operating if a loss shuts it down, equipment breakdown coverage to pay for damaged equipment, employment practices liability insurance, commercial auto and workers’ compensation. Almost 400,000 of USAA’s 4.3 million members are small business owners. The joint endeavor allows USAA to sell and market the policies while Hartford underwrites the policies and processes the claims.

USAA has served military families since 1922 and is a leading insurance and financial service company in the U.S. The company offers insurance, banking and financial services and owns or manages assets of more than $61.7 billion.