Business Refocused

#66 - A Lawyers Take on The FTC Non-Competes Ban w/ Jennifer Weaver


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In this episode, Carey and Lindsay sit down with Jennifer Weaver, a lawyer at Manning Fulton & Skinner, P.A., who specializes in insurance industry litigation, to discuss the recent ruling by the FTC banning non-compete clauses in employment contracts. She explains that non-competes are agreements between employers and employees that prevent the employee from working for a competitor during or after employment. The FTC's ruling prohibits employers from entering into or enforcing non-compete clauses with employees, independent contractors, and other workers. However, there is a narrow exception for non-competes with senior executives earning over $150,000 a year. Jennifer advises employers to review their agreements and consider alternative ways to protect their business, such as confidentiality and non-solicitation agreements. She also discusses the changes to the salary threshold for overtime exemptions and the importance of correctly classifying employees as exempt or non-exempt.


Sponsored by AgencyPoint

This episode is brought to you by AgencyPoint, your full-service partner for Accounting, Tax, Legal, and HR solutions built specifically for insurance agencies. AgencyPoint helps independent agencies streamline operations, stay compliant, and make confident financial decisions. Learn more at https://www.myagencypoint.com/partners/insurancerefocused

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Business RefocusedBy Lindsay Sexton & Carey Wallace

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