ERISA Immunity Guarantee

The vendors and consultants/advisors earning the ERISA Immunity Guarantee will never be named in a lawsuit alleging that the plan sponsor has violated ERISA through mismanagement of plan assets. Nor will the plan sponsor, though the plan sponsor could still be found liable for other reasons.

The $100,000 is applied to as limited “co-insurance” for any settlement, arbitration finding, or adjudicated award made against the Validated entity’s customers where the Validated entity is named.  The following tranches apply:

1. The first $5000 is the responsibility of the entity or its E&O/D&O/Fiduciary insurer according to their own contractual arrangements
2. The ERISA Immunity Guarantee covers 50% of the next $200,000
3. The insurance then covers the remainder

Covered entities (and even their customers) should be able to get a fairly immediate discount on their own insurance if they have the ERISA Guarantee acting as ersatz co-insurance. If not, we can help you find a new P&C insurer.