Directors & Officers Liability Calculator

At any point in the past five years, has your business experienced any changes to its senior management?

At any point in the past five years, has control of your business changed hands or been offered for sale?

At any point in the past five years, has your business accepted outside investment?

At any point in the past five years, has your business filed for bankruptcy or breached any of its debt convenants, loan agreements or contractural obligations?

At any point in the past five years, has your business or one of its directors, officers or employees been involved in labour or employement related dispute or been accused of harassement or discrimination?

At any point in the past five years, have any competitors, current or former employees, customers, suppliers, contractors or other third parties brought legal action against your business for alleged wrong doing?

Any any point in the past five years, has your business made lay offs or reduced staff?

At any point in the past five years, has your business been involved in any proposed or completed mergers, acquisitions or disvestitures?

At any point in the past five years, has your business made a substantial change to it's operations or sources of revenue?

At any point in the past five years. Has your business hired an employee who had access to proprietary information, trade secrets or other forms of confidential business information at his or her previous job?

At any point in the past five years, have any directors or officers made a material representation to potential investors, customers, contractors, suppliers and third parties?

Has your business established formal procedures to inform directors and officers of new developments within the company?

Has your business established a formal training process to ensure that directors and officers have sound understanding of their duties, responsbilities and obligations?

Does your business' internal indemnify directors and officers to the fullest extend permitted under the applicable regulations?

Does your business require its directors and officers to report all potential conflicts of interest?

Does your business require its directors and officers to document and justify all major decisions?

Does your business provider directors and officers with access to comptent legal advice or legal opinion when they are faced with difficult decisions or when requested?

Does your business have an HR Department?

Does your business have employee handbook that has been reviewed by competent legal advice or legal opinion?

Does your business distribute a copy of your employee handbook to all employees, including those with managerial and supervisory responsibilities?

Does your business all employees to acknowledge receipt of your employee handbook?

Does your business have formal guidelines and written procedures to address compliance with the Equality Act, National Minimum Wage, the Pension Act and any other applicable laws?

Does your business have formal guidelines and written procedures for discipling and termination employees?

Does your business have a formal process for addressing and resolving employee grievances?

Does your business have a formal process for conducting employee evaluations?

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To help businesses better understand the level of risk their directors and officers face, Needham Insurance has developed this Directors’ and Officers’ Liability Calculator.

Your total score will present how much on the risk scale you could potentially be if you didn’t have a D&O policy or one that doesn’t fully cover your needs

Moderate Risk	0 – 40 Points
High Risk	41 – 64 Points
Escalated Risk	65 – 100 Points

Directors & Officers Liability Calculator

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