Peabody Insurance Blog


Cyber Risks Loss Control Techniques

Jul 28, 2022

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 firewall’s options and select the best configuration to keep the computer safe. If your business has a network of five or more computers, consider buying a network firewall. They can be pricey but network firewalls provide a fine level of coverage for an entire network Encrypt Data: Data encryption translates data into another form, or code, so that only people with access to a secret key (formally called a decrypti... Read more...

Background Screening Potential Tenants

Jun 27, 2022

Choosing the wrong tenant can lead to lost income, litigation costs and damage to your property. Conducting a background check on prospective tenants is a wise way to ensure a mutually successful experience for you and the applicant, and it is an effective risk management tool. Although background checks do present some costs, taking on a tenant without having performed this screening carries significant risk and can cost you a lot more money in the long run. Why Prescreen? Many applicants have a criminal record, but they do not disclose this information. Therefore, consider these advant... Read more...

Protect Your Property with Ordinance and Law Coverage

May 27, 2022

Most insurance policies are written to allow a building owner to rebuild to the condition it was in prior to a loss, this type of coverage is referred to as replacement cost. If an ordinance requires more—such as being brought up to code if it sustains more than 50 percent damage to the entire structure—an owner could face significant out-ofpocket expenses, which may range from slight modifications (installing hard-wired smoke detectors) to vastly more complicated and expensive modifications (installing fire sprinklers). To combat the cost of these projects, building owners can pur... Read more...

Loss Control Tips - Residential Property Management Companies

Apr 29, 2022

Water Damage Water is one of the most common causes of property damage. Water damage is not only expensive—it can also create potential health risks. What’s more, an incident in one unit can easily affect other areas of your building, including common areas and other residents’ apartments. Make sure sump pumps are in working order. Inspect roofs to verify that draining systems are clear of debris and functioning properly. Identify areas of your building that are susceptible to unusual amounts of snow or rainfall. Evaluate windows often. Reapply cau... Read more...

Did You Know That Your Health Insurance Can Affect Your Auto Insurance?

Apr 20, 2022

Under Michigan’s new auto insurance law, drivers can choose from six different Personal Injury Protection (PIP) medical coverage levels when they buy or renew their auto insurance, which covers medical bills and other expenses if you are injured in an auto accident. For people who have Qualified Health Coverage (QHC), two options allow you to remove PIP medical coverage for yourself and/or eligible household members. To count as QHC, your health insurance policy must not exclude or limit coverage for auto accident injuries and must have an individual deductible of $6,000 or less. Med... Read more...

The Future of Insurance Sales is Here!

Apr 11, 2022

The PaceSetter sales program is one of the largest and longest running training program for insurance producers. The interview process to be accepted is rigorous, but the results are undeniable. Pacesetter graduates have a 200% success rate over other insurance producers. This program provides insurance producers with the knowledge and guidance to give expert advice which helps clients with making better purchasing decisions. Peabody Insurance has required new producers to be accepted into the program prior to hire since 2018. “We have found that Pacesetter graduates better serve our... Read more...