Peabody Insurance Blog


3 Questions to Ask When Addressing Sexual Harassment at Your Business

Apr 25, 2018

It’s always been important to protect your business and employees from sexual harassment, but recent high-profile cases show the importance of re-examining this topic at your business. Social movements such as the “Me Too” campaign have drawn attention to sexual harassment in the workplace, resulting in a growing number of misconduct allegations. These allegations can result in a wide variety of claims and lead to serious financial and reputational damage. Insurance carriers, courts and regulatory agencies will begin to examine businesses closely to ensure that they take... Read more...

Know Your Personal Insurance

Apr 25, 2018

Personal Insurance Solutions Our clients rely on us to creatively assist them with their insurance and financial needs to protect what matters most. We offer a full range of automobile, home and life insurance solutions, along with loss prevention, health and safety tips to help minimize claims, reduce your personal risks and promote your well-being. The insurance professionals at Peabody Insurance Agency can assist you in selecting the most comprehensive coverage, provided by highly-rated insurance companies. Automobile Insurance From vehicles to motor homes to motorcycles... Read more...

Ransomware Insurance

Apr 25, 2018

Ransomware Insurance With ransomware attacks on the rise, the role of insurance is becoming more robust. And, although ransomware coverage has been traditionally sublimited within cyber policies, stand-alone cyber policies that cover ransomware are becoming more necessary. In an attempt to find additional coverage for ransomware, many businesses and carriers have been turning to kidnap and ransom (K&R) policies. K&R policies have traditionally been used by organizations to protect their executives, not to protect against ransomware. Because K&R policies were not designed... Read more...

Helpful tips to locate a life insurance policy

Apr 25, 2018

After the loss of a loved one, it can be a challenge to locate a life insurance policy … or even know if one exists. After all, it may have been issued 40 to 50 years ago. Here are tips to help find out if your loved one had an active life insurance policy or annuity contract. Search personal files and records Look through safe deposit boxes and filing cabinets. Check bank statements for names of companies where bills were paid. Review tax returns to see if a policy withdrawal or loan was indicated on a return. Watch the mail for premium notices that the company may send because i... Read more...

Ladder Safety

Mar 29, 2018

Ladder Safety Falls from elevated surfaces are frequently listed as one of the top 10 causes of accidents in the workplace. Most of these accidents occur due to failure to follow basic ladder safety. To help prevent ladder injuries, practice the following safety tips. Setting up Safely Make sure you select the correct ladder for the job—check the length and duty rating. Proper length is a minimum of three feet extending over the roofline or working surface. Inspect your ladder before each any of the following loose or damaged parts: Steps Rungs Spreaders ... Read more...

Seasons of Life

Mar 29, 2018

Is your life insurance coverage keeping up? Change happens quickly. Reviewing your life insurance policy periodically helps ensure your coverage continues to meet your needs and that your beneficiary designations are up to date.  What life changes have you experienced since your last life insurance discussion? Marital status Children New Job New Home Health Change Empty Nest Retirement To help you keep up with the changes in your life, Peabody Insurance offers free policy reviews.  Revaluate your existing life insurance policies and f... Read more...

Remodeling, renovation can affect home’s value

Mar 28, 2018

Remodeling and renovation projects can add significantly to the value of your home. Whether you do it yourself or hire a contractor, remember to update your homeowner insurance as you increase your home’s value. The Coverage A limit on your homeowner policy is the amount of insurance you have to reconstruct your home in the event of a total loss. All costs associated with replacing or rebuilding your home are considered when developing this Coverage A limit. When you make changes that increase the value of your home, you may also need to increase the coverage limit. Reconstruction... Read more...

D&O Insurance for Private Companies

Mar 28, 2018

With today's emphasis on corporate transparency and accountability, an organization' directors and officers face a countless number of exposures. Regardless of your company's size or mission, the legal costs associated with a lawsuit can be crippling for both the organization and your directors and officers. Many wrongly assume that directors and officers (D&O) insurance is only necessary for publicly traded companies. However, privately held organizations can just as easily fall victim to lawsuits that can impact the company, its officer and board, making D&O insurance a must. Spec... Read more...

Builder’s Risk Coverage: Understanding the Policy Period

Feb 07, 2018

I live on a local lake and right now there are several new homes being constructed around the lake. Since summer, I think everyone has enjoyed watching the new builds progress as we go on our 5 o'clock boat cruises. A little over a week ago a nearly finished home burned to the ground, the smoke could be seen from miles away. Read the full Story here. Thank goodness no one was hurt, and I hope the family had builder's risk coverage. Proper coverage could make the difference between an easy rebuild and a disaster. Construction projects, regardless of their size, can present complex insuranc... Read more...

OSHA's Top 10 Most Cited Violations in 2017

Dec 19, 2017

Learn more about the 10 most cited violations in 2017 and the Top 10 fines issued in 2017. The list of OSHA’s proposed monetary penalties in fiscal year 2017 comprises those stemming from a single incident or related incidents in which one or more companies are alleged to have failed to adhere to safe work practices. 2017 Top 10 OSHA Violations: Download PDF Here 2017 Top 10 OSHA Fines: Download PDF Here ... Read more...

Keep Business Flowing: Prevent Frozen Pipes

Dec 19, 2017

Arctic temperatures can have a dramatic effect on your building, freezing pipes and causing costly damage. Especially vulnerable systems include fire protection equipment and piping; heating, ventilation and air conditioning equipment; compressors and piping; water and sprinkler mains; valves; and sanitary systems. Depending on the extent of damage, failure or disruption of these important systems can be expensive to repair or force temporary closure of your business. Certain types of buildings and occupancies are more susceptible to freeze claims, especially during extreme cold. Schools, s... Read more...

Scams to Watch Out For This Holiday Season

Dec 19, 2017

Hackers put a lot of thought and effort into coming up with new ways to fool the unsuspecting consumer, especially during the holiday season. Here are some scams you should watch for in the coming months. Bogus Charity Websites Increasingly, hackers are setting up fake charity websites to scam people with good intentions. To guarantee that you’re donating to a reputable charity, make sure the charity you're considering is registered with the Secretary of State and find out how much of your contribution will go to the charitable fundraiser and how much will go to the needy. Fake... Read more...

Don't Drink and Drive

Dec 19, 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 only dangerous for the impaired driver; other motorists and pedestrians are put at serious risk, too. 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 to your choice. It may be temp... Read more...