Peabody Insurance Blog


Safe Driving this Holiday Season

 

Nov 29, 2017

Did You Know? Someone gets injured in an alcohol-related car accident every 90 seconds in the United States. Driving while under the influence is not dangerous only for the impaired driver; other motorists and pedestrians are put at serious risk, too. DON’T DRINK AND DRIVE! Use these tips to prevent drinking and driving: Designate a driver. This person is responsible for driving all those who consumed alcohol home safely. If your designated driver chooses to drink, call a cab or a family member to pick you up. If you plan to drink responsibly, be sure to stick t... Read more...

The Dangers of Carbon Monoxide

 

Nov 28, 2017

A few weeks ago my brother and sister in law, Nate and Rachel, had a carbon monoxide scare at their new house. It was a little after midnight and Nate was working in the garage while Rachel was doing laundry in the house, the kids were asleep upstairs. The carbon monoxide detectors started going off, and Rachel changed out the batteries before calling in Nate to discuss. A few minutes later the whole family was awake outside and 911 had been called. The Fenton Fire Department did a sweep of the house and determined that the furnace was the culprit. Sadly, I’ve come across several s... Read more...

Benefits of Employment Practices Liability Insurance

 

Nov 28, 2017

Claims related to wrongful employment practices can disrupt business, hurt morale, damage your reputation and lead to serious financial damages. Thankfully, employment practices liability (EPL) insurance can provide organizations with protection from the above risks. Specifically, EPL insurance provides the following to policyholders: Cover for alleged acts: EPL insurance not only protects organizations from actual wrongful acts, but alleged acts as well. Specifically, EPL coverage can safeguard an organization from claims related to discrimination, harassment, retaliation and wrongful term... Read more...

3 Tips and Tricks for Teaching the Teen Driver


Oct 24, 2017

“Cop.” “Which side?” “Your side. At the light.” It sounds like a conversation between two wanted assailants that perhaps had tunneled out of Riker’s using plastic spoons and toothpicks. But, no. This was a typical exchange between me and my four-year-old on any given day. Look, I’m not proud. But, sometimes? Sometimes that illegal turn or that little extra burst of speed just makes your life so much easier. We would often make walkie-talkie sounds just to give it that extra sense of adventure. She was a damn good look-out. Best co-pilot I ever had. The limits of her car seat didn... Read more...

Beware of Flood Vehicles


Oct 24, 2017

DES PLAINES, Ill.—Flooded vehicles have finally stopped arriving at the Royal Purple Raceway east of Houston. Some 23,000 now await processing and retitling to be auctioned off for parts or to be scrapped. That is just one of several insurance industry salvage locations where more than 422,000 insured vehicles damaged by Harvey have been taken for processing. According to the National Insurance Crime Bureau (NICB), these totals surpass the number of claims that resulted from Hurricane Katrina (approx. 300,000) and from Superstorm Sandy (250,500). In addition, more than 215,000 claims have ... Read more...

9 Cyber Risks & Liabilities

 

Oct 24, 2017

When a data breach or other cyber event occurs, the damages can be significant, often resulting in lawsuits, fines and serious financial losses. What’s more, cyber exposures impact businesses of all kinds, regardless of their size, area of focus, or status as a private or public entity. In order for organizations to truly protect themselves from cyber risks, corporate boards must play an active role. Not only does involvement from leadership improve cyber security, it can also reduce liability for board members. To help oversee their organization’s cyber risk management, boards should a... Read more...

Commercial fleets face deadline to replace paper logbook

 

Oct 24, 2017

Effective in December 2017, the Federal Motor Carrier Safety Administration (FMCSA) is mandating the use of an electronic logging device (ELD) for commercial vehicles. Businesses with regulated commercial vehicles that require hours-of-service logging must replace paper logbooks with a self-certified ELD registered with FMCSA that electronically record a driver’s Record of Duty Status (RODS). Such fleets have until December 2017 to comply. Fleets that already use Automatic On Board Recording Devices (AOBRD) have until December 2019 to convert to a self-certified ELD registered with FMCSA. ... Read more...

Workplace Violence Seminar

 

Oct 11, 2017

You are invited to our One Hour Seminar to discuss Workplace Violence Thursday October 26th 2017. Lunch at 11:30am, Seminar 12:00 - 1:00pm  Fenton Community and Cultural Center, 150 S. Leroy St, Fenton, MI 48430 Email Denise Lipinski to RSVP Today: dlipinski@peabodyinc.com ... Read more...

Peabody Insurance Featured in onthetown Magazine

 

Oct 02, 2017

  The Competitive Edge Peabody Insurance: A Family Footprint of Success By Chelsea Mills // Photos by Marc Anderson Photography Article Courtesy of onthetown Magazine Today family businesses have a competitive edge that could hardly be anticipated. As millennials continue to take up over one third of the workforce, many of these individuals are looking for more out of a career than a paycheck. In this new arena, family businesses have an edge in building a sustainable footprint because of the personal connection between the family and the community they serve. A textbook exam... Read more...

5 Common Reasons for Injuries to New Employees


Sep 28, 2017

Thirty percent of all work injuries involve employees who have been on the job for less than a year, according to the Bureau of Labor Statistics. The following are the most common reasons for injuries to new employees, as well as ways to prevent them. Unfamiliarity with workplace hazards—Even if you will be doing the same job as you did elsewhere, don’t assume you’re aware of all potential job hazards and hazardous substances in your new environment. If you have questions, ask. Fear of asking questions—New employees may be too intimidated to ask questions. Remember that there i... Read more...

The Risks of Airbnb and Home Sharing

 

Sep 28, 2017

Just a few years ago, taking a trip involved contacting travel agencies, booking hotel rooms and making plans far in advance. Today, however, smartphones and the internet have helped create new sharing services that allow homeowners to connect with travelers and rent out their homes, spare bedrooms or other accommodations for a fee. Airbnb, the most popular of these sharing services, offers a convenient platform that can provide homeowners with an extra source of income. However, renting through Airbnb can also expose you to substantial risks and leave you with costly property damage and ... Read more...

Florida Contract Work – Know Before You Go

 

Sep 28, 2017

If you’re a contractor thinking about traveling to Florida to help rebuild in the wake of a hurricane, we want you to be aware of contractor requirements to avoid fines or potential criminal charges from the state. Even if you hold a contractor’s license in your home state, here is some key information: To work in Florida, you must prove you passed an exam that’s substantially similar to the exam Florida resident contractors are required to pass. If your state doesn’t require you to take a written exam, you must successfully complete the Florida exam before you can work there... Read more...

The ABCs of D&O Insurance Agreements


Aug 29, 2017

The ABCs of D&O Insuring Agreements The coverage afforded by directors and officers (D&O) liability insurance policies can vary significantly from one policy to the next. Thankfully, most D&O policies follow a common format that allows policies to be easily read, understood and compared by policyholders and their insurance brokers. A standard D&O policy has three insuring agreements, often referred to as sides A, B and C. These insuring agreements specify the degree of coverage provided by a D&O policy and summarize the promise by the insurer to indemnify the policyholder from losse... Read more...

Safeguarding your wine collection


Aug 29, 2017

Article Courtesy of: Cincinnati Insurance Companies A wine collection is a wonderful thing, and a personal one at that — a selection of your favorite wines, aging quietly and, one hopes, increasing both in quality and value. You have invested time and effort into building your cellar. Take steps to ensure that your wine is protected. The quality and consistency of your storage is critical. The worst thing for wine is rapid temperature fluctuation, which speeds up the deterioration of the wine and prevents the slow development that produces exquisite, mature wine. Keep a consistent temp... Read more...

The Good Student Discount

 

Aug 29, 2017

The good student discount is an auto insurance discount provided by carriers that benefits students financially for their academic achievement. In other words, this discount offers reduced premium rates for current students that maintain a specific GPA or other measurable level of success in school. The Journal of Accident Analysis and Prevention found in a recent study that students with a C or D average in school are 49 percent more likely to get into a car accident than those with an A or B average. As a result, students with an A or B average are labeled as low-risk drivers by car insu... Read more...

Basic Loss Control Techniques


Aug 29, 2017

Basic Loss Control Techniques Protecting your business from cyber risks can be an overwhelming venture. A new day means more viruses are being discovered, more spam is being delivered to your inbox and yet another well-known company is the victim of a data breach. The world will never be free of cyber risks, but there are many loss control techniques you can implement to help protect your business from exposures. 1. Install a firewall for your network. Operating systems often come with pre-installed firewalls, but they are generally designed to protect just one computer. Examine the... Read more...

Ransomware and Your Company

 

Jul 28, 2017

Ransomware Ransomware is any type of malicious software that infects a computer and either prevents it from working as it should or prevents access to certain files until the user pays a ransom. Typically, the hackers behind the ransomware demand bitcoin—a type of digital currency that is difficult for police to trace. Businesses of all sizes have become targets of ransomware, as it can infect not only personal computers, but also entire networks and servers. How Ransomware Can Spread There are different ways that ransomware can spread, including the following: Visiting fa... Read more...

The Story Your MOD Reveals

 

Jul 27, 2017

For many employers, workers’ compensation insurance is all about one number—the premium quoted. Understandably, employers want to pay the lowest amount possible on this mandatory coverage. While some brokers try to compete on a low bid, those who do miss the chance to educate employers on how their mod affects their premium, and how lowering their mod through targeted improvements in safety, hiring, return to work and other areas will ultimately improve both their direct and indirect workers’ compensation costs. What does your mod reveal? While the mod itself is a single number, an analy... Read more...

Snapchat

 

Jul 27, 2017

What is Snap Map? Introduced in a June 2017 update, Snap Map allows users to share their exact location with their friends within the Snapchat app. Snap Map gathers location data using a smartphone's GPS sensor and displays the time of day an individual is at a specific location and his or her speed of travel. This information is shown on a map that can be accessed when a user first opens Snapchat and pinches the screen to zoom out. While Snapchat users can choose to share their location with selected friends, any posts users share on Snapchat's "Our Story" feature will appear on the global ... Read more...

Life insurance can protect family from college debt

 

Jul 27, 2017

Life insurance can protect family from college debt As college graduates take the next step, one thing is often left out of the process – life insurance. Young adults often carry debt with them into the working world, whether from student loans, car loans or credit card debt. If you are a recent graduate, have you considered what could happen if you were no longer around to cover your loan payments? Would your loved ones struggle to make ends meet? Many people do not realize that – depending on their loan agreement – their spouse, cosigner or estate might be responsible for paying off... Read more...

Using Fireworks Safely

 

Jun 29, 2017

"Even mild fireworks such as sparklers can get hot enough to burn through clothing. To prevent burn injuries, exercise extreme caution when lighting and holding fireworks, and monitor your children closely while celebrating." Wendy Light | wlight@peabodyinc.com Firework Safety Recommendations: • Read and follow the manufacturer’s safety instructions and warnings. • Do not try to make your own fireworks; use only those that are commercially manufactured. • Only light fireworks outside in an open space. • Obey local ordinances regarding private fir... Read more...

Driver Safety - You’re in the driver’s seat.

 

Jun 29, 2017

"When it comes to minimizing your risk of collision while driving, you’re in the driver’s seat" Jo Schofield | jschofield@peabodyinc.com Simply by practicing safe driving techniques, you can reduce your chances of being involved in an auto accident. In addition to being aware of your surroundings and making prudent driving decisions, the following tips will help you arrive at your destination safely. Drive Defensively Defensive driving requires you to be aware of driving errors made by other drivers around you, and consequently make adjustments to your dri... Read more...

Major Fireworks Recall Ahead of 4th of July Weekend

Jun 29, 2017

"Did you recently buy fireworks from Illinois, Wisconsin, Ohio, or Vermont? Read this article to learn more about the recent recall!" Teresa Taylor | ttaylor@peabodyinc.com The U.S. Consumer Product Safety Commission has issued a recall for over 36,000 “Red, White, & Blue Smoke” fireworks manufactured by American Promotional Events and sold under the TNT Fireworks brand. These fireworks can explode unexpectedly after being lit and have already led to three reports of burns to consumers. The Red, White, & Blue Smoke fireworks are pyrotechnic devices th... Read more...

Construction a Critical Time for Fire Protection

 

Jun 29, 2017

Building or remodeling a home or business is an exciting time, filled with many decisions. One consideration that’s easy to overlook is adequate fire protection. During construction or renovation, your home or business is most susceptible to fire. In a recently published report by the National Fire Protection Association (NFPA), during the years 2010-2014, U.S. fire departments responded to an average of 8,440 fires in structures under construction, undergoing major renovation or being demolished. These fires resulted in $310 million in property damage each year. Luckily, some simple an... Read more...

Avoiding Workplace Concussions

May 30, 2017

"In most cases, concussions in the workplace are caused by avoidable accidents. Read this article to know the symptoms of a concussion and how to prevent them in your workplace." Wendy Light | wlight@peabodyinc.com Concussions are a safety risk at just about every workplace and occur when the brain shakes inside of the skull. Generally, concussions are caused by severe blows to the head or body sustained from falls, being struck by an object, motor vehicle collisions or other type of impact. In the event of such force, the spinal fluid that surrounds the brain is unable to... Read more...

Restroom Access for Transgender Worker

May 30, 2017

"OSHA requires all employers under its jurisdiction to provide employees with sanitary and available toilet facilities so that employees will not suffer the adverse health effects that can result if toilets are not available when employees need them. This article provides guidance to employers on best practices regarding restroom access for transgender workers. OSHA’s goal is to assure that employers provide a safe and healthy working environment for all employees." Jo Schofield | jschofield@peabodyinc.com Understanding Gender Identity Many workplaces provide separate ... Read more...

Reducing Choking Hazards for Small Children

May 30, 2017

"Did You Know that according to Emory University, choking is the fourth leading cause of death for children under the age of 14. Follow these safety tips to keep your loved ones safe!" Danielle Allen | dallen@peabodyinc.com Choking occurs when the brain goes without oxygen for more than four minutes, causing brain damage and death, and is the leading cause of death in infants and toddlers. If you are the parent or guardian of a small child, it is your responsibility to protect your child from danger. Foods such as hot dogs, whole grapes, nuts, raisins, hard candies and pop... Read more...

Head Out on the Lake without Injury

 

May 30, 2017

"Water sports, relaxing in the sun and splashing in the water are great ways to make memories with family and friends. Sea lovers must be careful near the marina and dock, though, to assure that their getaways are safe ones. If you are hitting the open waters this season, don’t forget these safety tips!" Teresa Taylor | ttaylor@peabodyinc.com Docking Tips: Use forward and reverse at an idle speed when docking and moving your boat near the marina. Have bumpers, mooring lines and boat hooks ready before docking. Keep all body parts in the boat until yo... Read more...

Make Security Your Top Priority

 

Apr 27, 2017

"Though a home security system may seem like an expensive investment, it is actually very economical considering that you may get a discount on homeowners insurance premium for having the system in place. This is because these alarms protect against liabilities - theft and vandalism." Teresa Taylor | ttaylor@peabodyinc.com Home Security Keeping your home and family safe should be one of your top priorities, as you rarely get a second chance to take precautions against a home invasion. There are several things that you can do, including purchasing a home security system, which... Read more...

Understanding Total Cost of Risk

 

Apr 25, 2017

"Understanding your total cost of risk and your ranking helps identify areas where your organization can save money." Wendy Light | wlight@peabodyinc.com Risk exists everywhere in business. One of the biggest mistakes that companies make is assuming that the cost of risk only involves their insurance premiums paid, retained losses and administrative costs. However, the total cost of risk encompasses much more than that. While a risk management program can be an effective method for controlling risk, the resources used by the program may not be addressing all the risks faced... Read more...