Peabody Insurance Blog


What OSHA Could Look Like Under A Biden Administration

Nov 23, 2020

In light of the U.S. presidential election results, workplace health and safety experts have begun speculating on the possible changes that President-elect Joe Biden could make to existing practices within the Occupational Safety and Health Administration (OSHA) once he takes office—especially in the midst of the ongoing COVID-19 pandemic. While current President Donald Trump’s administration focused on decreased OSHA enforcement, Biden’s future administration is likely to push for increased enforcement, whistleblower protections and the issuance of an emergency temporar... Read more...

Preventing Cyber Attacks on Remote Employees

Nov 23, 2020

The COVID-19 pandemic has solidified remote work as a new operational standard. Employers should expect this trend to only grow in the future. In fact, many major companies, such as Twitter and Microsoft, have indicated that remote work will be an indefinite option for their employees. While this is exciting in many ways, remote work also comes with unique challenges—namely, cybersecurity. This article discusses some cybersecurity risks that remote employees face and offers potential solutions. Cyber Threats to Monitor Hackers have been assaulting businesses since the first c... Read more...

Insurance Considerations for Riots, Vandalism and Civil Unrest

Oct 01, 2020

Riots, vandalism and civil unrest can create unique challenges for business owners—resulting in stolen, damaged or defaced goods and extensive property damage. That’s why it’s crucial to secure proper commercial insurance coverage to adequately protect your business in the event that such a situation occurs within your community. Review the following guidance for an outline of various insurance solutions that can offer compensation for losses related to riots, vandalism and civil unrest, as well as best practices to consider when making claims in these situations. Cov... Read more...

Peabody Insurance Retains its Best Practices Status

Sep 03, 2020

PEABODY INSURANCE AGENCY retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. The annual survey and Study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices. Since 1993, the Big “I” and Reagan Consulting, an Atlanta-based management c... Read more...

Common Auto Insurance Terms

Aug 26, 2020

Auto insurance can be confusing at times. Policies often contain a variety of terms that can be difficult to understand, especially for someone without a background in insurance. The following is a list of common auto insurance terms to keep in mind the next time you meet with your insurance broker: Accident report form: Sometimes referred to as a police report, this form contains important information about an auto accident, such as circumstances that led to an accident, the parties involved and details regarding the citations given. At fault: This term refers to the degree to... Read more...

Peabody Insurance Agency is one of Michigan’s Coolest Places to Work!

Aug 14, 2020

On Friday, August 14th Crain’s Detroit announced the 100 Coolest Places to Work in Michigan. Peabody Insurance Agency was the only company in Genesee County to be included in the top 100 rankings. Peabody Insurance is listed as the 23rd Coolest Company in the state and the 11th Coolest in the small employer category. These rankings are determined 75% by an 80-question employee survey. The survey seeks to determine, among other things, whether employees understand the strategy of the company, and if they feel they are being groomed for new positions. The additional 25% is determined b... Read more...

Vote for the new handshake!

Jul 22, 2020

Not giving the customary handshake hello to our clients, colleagues, and carriers is tough! Our office wants to follow CDC best practices, so the team has come up with a number of ideas for handshake alternatives. We want your help picking out what one should become customary! There are the crowd favorites such as "The Peace Sign" and "Thumbs Up", as well as pop culture options like the "Live Long and Prosper" or the "Katniss Everdeen". Check out the handshake alternatives below, then vote for your favorite! Cast Your Vote Here!&nbs... Read more...

The Basics of Life Insurance

Jul 09, 2020

If you are married, it’s important for both spouses to have a life insurance policy. If both people bring in an income, a death can be a difficult financial loss. Also, if a stay-at-home parent should pass away, expenses such as childcare and other domestic items can create financial hardship, too.  There are two basic types of life insurance: term life insurance and permanent life insurance. The type of life insurance policy that best suits you will depend on your unique needs.   Option #1: Term Life Insurance Just as its name implies, term life insurance cove... Read more...

The Key to Managing Workers’ Compensation Premiums.. the Six Point Plan.

Jun 15, 2020

In an effort to control insurance premiums more and more business are shopping for the "best rate". Money does talk but finding the solution to increasing premiums will speak louder long term. The solution to controlling insurance costs is simply to control the amount of claims. At Peabody Insurance Agency, we focus on helping you understand your exposure to loss and how to effectively plan and manage loss control efforts. We are dedicated to assist you in developing long-term solutions to control the exposures affecting you and your employees. Management Commitment & Em... Read more...