Archway Insurance Brokers is a leading provider of insurance brokerage, in the context of our client’s commercial and personal risk management needs. Being at the center of the most innovative area in the in the world, our work tends to attract entrepreneurs. This is both and opportunity and a challenge. The opportunity is realized with the organic growth of our clients’ businesses. The challenge is in keeping up with dynamic change.
Businesses seldom grow in a straight line—there are typically bends in the road that represent risks to the business. As part of the risk management team, we help anticipate and stay ahead of the salutary risks of entrepreneurial enthusiasm.
Our client entrepreneurs dedicate their lives to their entrepreneurial vision. Our job is to help them protect their dreams as they are realized in their company’s success and their subsequent personal wealth.
There are many insurance products and services used to serve a risk management purpose, more specifically that of risk transfer. Here is a list of common insurance products we use to address our clients’ needs.
Commercial Property & Casualty Insurance
Building Insurance
- Insuring to value, Replacement Cost, Selling Price, Actual Cash Value
- Coinsurance, Penalties for underinsurance, Agreed Amount
- Building Ordinance, Demolition, Increased Cost of Construction,
- Blanket Limits , addressing multiple locations
- Insurable Perils, Special perils, Earthquake and Flood
- Vacant Buildings
Business Property Insurance
- Insuring to value, Replacement Cost, Selling Price, Actual Cash Value
- IT equipment insured separately, special perils
- Blanket Limits, addressing multiple locations
- Property at Other Locations, Domestic & Foreign
- Property at Trade shows, In the Custody of a Salesperson
- Insurable Perils, Special perils, Earthquake and Flood
- Property in transit to jobsites, and while on jobsites
Business Income Insurance
- Loss of Manufacturing capacity
- Extra Expenses while continuing manufacturing at increased costs
- Contingent Loss, as a vendor to your customer, from a vendor or yours
- Domestic and Foreign exposures
Cargo Insurance Manufacturing Process Exposure
- Incoming, equipment and materials
- Outgoing, materials & Work in Progress (WIP) to vendors and subcontractors
- Intercompany shipments
- Incoming, WIP from vendors and subcontractors Sales Exposure
- FOB Origin, Domestic and Foreign
https://www.youtube.com/watch?v=lg3ihm_AQoo
Commercial General Liability Insurance
- Bodily Injury, Property Damage,
- Premises and Operations
- Products and Completed Operations
- Domestic and Foreign
- Personal and Advertising Injury Liability
- Employee Benefit Liability
- Medical Device, Clinical Trials, Foreign and Domestic
- Umbrella and Excess Liability
Professional Liability, Errors & Omissions Insurance
- Protects client from allegations it caused financial loss to another party
- Professional and Manufacturing Services
Commercial Automobile Liability Insurance
- Owned Autos, individual and fleet
- Hired Auto
- Non-owned Autos
- Uninsured/Underinsured Motorist
- Medical Payments
- Physical Damage Coverage, Owned and Hired Autos
- Drive Other Car (DOC), Family Auto
- Employee Motor VehicleReport (MVR) Consent Form
- Garage Liability, including Garagekeepers Legal Liability
- Special Filings, including PUC
Workers Compensation Insurance
- The Audit Process
- Primary Classification
- Officer Maximum
- Experience Modification Rating Worksheets
- Changes in Ownership
- Changes in Operations
- Broad Form All States
- Stopgap Liability, Monopolistic States
- United States Longshoresman & Harbor (USL&H)
- Volunteers
- Independent Contractors
- Foreign Voluntary Workers’ Comp
FAQs about Worker’s Comp
In California the payroll of Corporate Officers is subject to maximums and minimums for annual Workers’ Comp premium calculation. Here are the figures for the last three years:
2018
Maximum: $128,700
Minimum: $50,700
2017
Maximum: $122,200
Minimum: $48,100
2016
Maximum: $117,000
Minimum: $45,500
The purpose of the maximums is to shield high earners from punitive premium charges which would result from a year where the bonuses where exceptionally high. In such years, the exposure to loss doesn’t change and yet the income and therefore the premium would change dramatically in a year of high bonuses.
On the other end of the spectrum, a minimum is charged even if the officer doesn’t receive any payroll, for example in a year when cash flow might be a little tight and the “owner” /officer decides to take no salary. Again, the exposure to loss doesn’t change, as he/she works the same hours and pays less premium for the equally hazardous exposure.
Waivers of Workers’ Comp benefits for Executive Officers, Members of Boards of Directors of a Corporation, General Partners of a Partnership, or Managing Members of an LLC
Officers and Members of Boards of Directors Effective July 1, 2018, an officer or member of the board of directors that meets the definition of employee in Labor Code section 3351(c) may elect to waive coverage if either (1) he or she owns at least 10% of the issued and outstanding stock, or (2) he or she owns at least 1% of the issued and outstanding stock of the corporation if his or her parent, grandparent, sibling, spouse, or child owns at least 10 percent of the issued and outstanding stock and is covered by a health insurance policy or health care service plan. The officer or member shall execute a written waiver under penalty of perjury that he or she is a qualifying officer or director. The waiver shall be effective upon the date of receipt and acceptance by the corporation’s insurer. The insurer, with the consent of the individual executing the waiver, may elect to backdate the acceptance of the waiver up to 15 days prior to the date of receipt of the waiver. The waiver shall remain in effect until the officer or member of the board of directors provides the insurer with a written withdrawal of the waiver.
General Partners or Managing Members of a Limited Liability Corporation Effective July 1, 2018, if an individual who is a general partner of a partnership or a managing member of a limited liability company executes a written waiver of coverage and states under penalty of perjury that the person is a qualifying general partner or managing member, the waiver shall be effective upon the date of receipt and acceptance by the partnership’s or limited liability company’s insurer. The insurer, with the consent of the individual executing the waiver, may elect to backdate the acceptance of the waiver up to 15 days prior to the date of receipt of the waiver. The waiver shall remain in effect until the individual provides the insurer with a written withdrawal of the waiver.
Recommended waiver forms addressing these issues is attached in pdf format.
This is a document State Fund has sent to all of its brokers; it helps clarify for Workers' Comp purposes, the difference between employees and independent contractors, and what is needed to prove the status of independent contractor at an annual audit. Click on the image below, to read the latest. 
Executive Liability Insurance
- Directors & Officers Insurance, including Initial Public Offering (IPO)
- Employment Practices Liability
- Fiduciary Liability
FAQs about Executive Liability
What does A, B & C mean in the insuring agreement of the Directors’ & Officers Liability Policy?
A. Is coverage for the Directors and Officers individually for actual or alleged wrongful acts, unless they are indemnified by the corporation for such acts.
B. Is for Corporate Indemnification Coverage; when the corporation is responsible for indemnifying the Directors and Officers for actual or alleged wrongful acts, and is permitted to do so by law.
C. Is for Corporate coverage, i.e., protecting the corporation itself from actual or alleged wrongful acts.
One more thing…What’s the meaning of “Additional Side A” coverage—why do we need it?
Occasionally the D&O policy can be co-opted by a court, particularly in a bankruptcy proceeding, and set aside as an asset of the bankruptcy trust. When the coverage is re-directed for other uses, not necessarily for the benefit of the Directors and Officers it was intended to protect, the “Additional Side A” coverage restores protection to the Directors and Officers individually, with an additional limit of coverage.
A. Is coverage for the Directors and Officers individually for actual or alleged wrongful acts, unless they are indemnified by the corporation for such acts.
B. Is for Corporate Indemnification Coverage; when the corporation is responsible for indemnifying the Directors and Officers for actual or alleged wrongful acts, and is permitted to do so by law.
C. Is for Corporate coverage, i.e., protecting the corporation itself from actual or alleged wrongful acts.
Occasionally the D&O policy can be co-opted by a court, particularly in a bankruptcy proceeding, and set aside as an asset of the bankruptcy trust. When the coverage is re-directed for other uses, not necessarily for the benefit of the Directors and Officers it was intended to protect, the “Additional Side A” coverage restores protection to the Directors and Officers individually, with an additional limit of coverage.
Specialty Liability Insurance
- Crime, First Party and Third Party
- Kidnap & Ransom
- Pollution
- Cyber/Network Security/Privacy Liability
- Patent & Copyright
Bonding – Contractors
- Performance
- License
- Contract Bond Checklist
- Contractor’s Questionnaire
- Personal Financial Statement Form
- Bid Bond Request
Employee Benefits
- Group Medical
- Group Dental
- Group Vision
- Long Term Disability (LTD)
- Group Life
- Health Savings Accounts (HSAs)
- HR Platforms
- PEO Options
Individual and Family Insurance Products
Archway offers personalized insurance programs addressing the unique needs of each individual and family.
Our experienced professionals start with a confidential formal review and a survey of your current insurance coverage. We then develop a personalized insurance program to fit your insurance needs.
Archway will review and provide the following policies to cover your needs:
- Personal Automobile, including classic or collectible autos
- Homeowners, both primary and all secondary residence locations
- Rental properties, including short-term rentals
- Vacant properties, Vacant land
- Personal Umbrella
- Earthquake
- Flood, including coastal and inland areas
- Fine Art, Jewelry, Collectibles
- Watercraft of all sizes, both power and sail
- Recreational Vehicles
- Special Events and Parties – Weddings, Bar Mitzvahs, Quinceaneras
- Workers Compensation for domestic employees
