Landscaper
20 staff
$15M turnoverPayment: $114,000
Background
A large gardening business sued the owners of a small family owned gardening and horticultural company for $445,000 after its retail manager left to join the insured business. The competing company alleged theft of trade secrets and claimed that the retail manager was still in their employment when they began sharing proprietary information with the Insured.
Outcome
It was determined that the Policy was triggered and indemnity was extended to the Insured. The claim proceeded to hearing and was settled at mediation.
Payment: $114,000