Employment Restrictive Covenants

 

What is covered

a)  A dispute between the insured and an employee or ex-employee which arises from a breach of a restrictive covenant by that employee and the insured seeks financial remedy or damages.  Provided that the restrictive covenant

  i)   is designed to protect the insured's legitimate business interests; and

  ii)  is evidence in writing and signed by the insured's employee or ex-employee; and

  iii)  extends no further than is reasonably necessary to protect the insured's business interests; and

  iv)  does not contain restrictions in excess of 12 months.

b)  A dispute with another party who alleges that the insured has breached their legal rights protected by a restrictive covenant.

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