In today’s competitive business climate, “poaching” key employees is not unheard of. Does the business’s Comprehensive General Liability policy cover a potential lawsuit brought by the former employer? For example, what happens when you hire an employee away from a competitor, and the former employer sues you for a host of wrongful conduct claims, including misappropriation of trade secrets pertaining to the previous employer’s client list, production process, etc…?
Attorney Drew Pomerance discusses trade secret insurance in this article, featured in California Lawyer magazine. To continue reading about trade secret insurance, click here.