Peabody Insurance Blog


Return to Health and Happiness

Dec 31, 2018

Benefits for Your Company Return to work programs reduce employees’ days away from work, allow employees to recover more quickly and foster a more positive work environment. Implementing a return to work program can benefit your company financially by: Anticipating and controlling hidden costs Reducing the financial impact of workplace injuries Providing a proactive approach to cost containment Improving your ability to manage an injury claim and any restrictions Getting your experienced employees back to work, resulting in less time and money spent on re... Read more...

A Guide to Seasonal Flu for Seniors

Dec 28, 2018

While the flu has similar symptoms as a the common cold—sore throat, cough, and a runny nose—the flu can result in far more devastating consequences. This is especially true among seniors, who can experience hospitalization or even death. Between 2010 and 2016, a range of 12,000 to 56,000 people died every year because of the flu, according to the Centers for Disease Control and Prevention, and many of them were people over the age of 65. The flu is preventable, too, with vaccines and other preventative measures, so let’s discuss exactly what the flu is, what it looks li... Read more...

Are you covered? Don’t be caught underinsured

Dec 28, 2018

It may be time to ask your independent insurance agent to review your policy. Agents have the software and knowledge to evaluate your risk, and you may find your risk is higher than you think. That’s because replacement cost can be affected by several factors that many people don’t consider. Rebuilding costs – Rebuilding a home is more expensive than building from scratch. Site accessibility, building codes and economies of scale all play a part. After a neighborhood of homes is established, removing debris and taking in heavy equipment can be more time-consuming and ... Read more...

5 Tips to Make Your Passwords More Secure

Nov 27, 2018

1. Change your passwords every 90 days. This might seem like a hassle at first, but hackers have a better chance at cracking your passwords if they never change. It’s also a good idea to avoid reusing passwords. 2. Make your passwords at least eight characters long. Generally, the longer a password is, the harder it is to guess. 3. Don’t use the same password for each account. Hackers target lower security websites and then test cracked passwords on higher security sites. Make sure each account has a different password. 4. Include uppercase let... Read more...

2018 Most Frequently Cited OSHA Standards

Nov 27, 2018

The 2018 top 10 list of most frequently cited standards didn’t change significantly from 2017, with fall protection violations staying on top of the list. In fact, the top seven standards remained the same. Read below to learn more details on the top 10 most cited OSHA standards. Top 10 OSHA Violations Fall Protection (29 CFR 1926.501): 7,270 Citations Falls from ladders and roofs still account for most injuries at work. Identifying fall hazards and finding the best way to protect workers should be your first step when improving safety in the workplace. Some potential so... Read more...

Navigating an Auto Claim

Nov 27, 2018

We want you to have all the information that you need to navigate this trying experience with ease. Here’s how to maneuver through this process: Get out of your car and provide assistance to anyone who is injured. Call the police or highway patrol immediately. They can call emergency personnel for you, if needed. Protect the accident scene by setting up flares, putting up cones or moving your car off the road. Once the police arrive, give them as much information as you can concerning what occurred. Do not admit fault; just give the facts. ... Read more...

Coverage for Your Vacation Home

Nov 27, 2018

The way you utilize a vacation property and how often it’s occupied has a direct impact on the kinds of insurance you will need. Vacation property insurance is typically provided as a “named perils” policy. This essentially means that coverage for vacation homes is not comprehensive, and owners must secure coverage for specific risks, like fires or explosions. In order to properly protect their investment, vacation homeowners should consider the following types of coverage: Contents coverage—Typically, standard home insurance policies protect any property that yo... Read more...

Preparing Your Home For A Disaster

Oct 24, 2018

Have A Disaster Plan The last thing you want is for a disaster or emergency to take place and you or your family members don't know what to do. As part of your preparation, establish a disaster plan. This plan covers what your family should do in case of an emergency, from how to escape every room of your home in case of fire, to who to call if there are no adults at home. List out all exits of the home, all important phone numbers, and copies of all insurance cards and anything else you may need to grab in a hurry. Make sure all adults, teenagers, and any children old enough to get out wi... Read more...

Reminder: Bus safety

Oct 24, 2018

  This loss control information is advisory only. The author assumes no responsibility for management or control of loss control activities. Not all exposures are identified in this article. Visit your local, independent agent for insurance coverage information and advice.     ... Read more...

Construction Risk Insights - Job Site Cellphone Use

Oct 24, 2018

Although cellphones can be a necessary method of communication on job sites, they distract workers from potential hazards and recommended safety practices. And, despite an absence of OSHA regulations pertaining exclusively to cellphones on the job site, OSHA can cite employers for violating the General Duty Clause, which states the requirement to provide a workplace free from recognized hazards. Employers can also violate OSHA’s cranes and derricks standard by allowing cellphones on the job site, since it states, “The [crane or derrick] operator must not engage in any practice... Read more...

4 Reasons Small Businesses Decline EPLI Coverage

Sep 17, 2018

Many owners of smaller businesses make assumptions about Employment Practices Liability Insurance – and some of those assumptions are not true. EPLI coverage provides vital protection for a small business. EPLI provides a limit of insurance, separate from the standard commercial policy, to protect your business operations against many actual or alleged wrongful acts. Those could include personnel and staffing matters, hiring and firing or allegations of discrimination in the workplace. Because circumstances can vary widely, it’s important to assess your situation, consult with... Read more...

Does Business Insurance Cover The Costs Of a Product Recall?

Sep 17, 2018

A well-known food company recalled two brand-name food products after four customers reported finding metal parts in their food. One of the world’s best-selling auto brands faced an airbag recall. And lettuce grown in Arizona caused dozens of illnesses in 35 states. Product recalls like these are often in the news. They’re especially prominent when the federal government mandates that a company pull a supply of its product off the market based on safety concerns that affect consumers. A business can also trigger its own product recall when it suspects a defect or tampering coul... Read more...

Guns in the Workplace

Aug 29, 2018

Under the federal Occupational Safety and Health Act, businesses are required to maintain safe workplaces. “Employers take very seriously the importance of making rules for the workplace and establishing a particular tone or culture within its employee teams,” notes John Harrison, an attorney with Ogletree Deakins in Dallas and Nashville, Tenn. Those efforts generally include prohibiting dangerous items like guns and knives as well as disruptive behaviors such as drug use, gambling and fighting. So how can HR professionals reconcile their workplace safety obligations with emplo... Read more...

Adding a teen driver to an auto policy? Prepare clients with these industry statistics

Aug 29, 2018

Below is a look at how teens drive these days. This information will give you and your client a better understanding of the risks teen drivers pose so that you can help guide them through this important life event, provide ways for them to save money and most importantly, prepare them for a conversation with their teen about driving safety. Next steps To help ease the pain point of the associated teen driver rate increase talk to your agent about any discounts available.  ... Read more...

The $10,000 Work Comp Claim May Be Costing Your Company An Additional $17,000 - $35,000 In Insurance

Aug 29, 2018

Insurance is complex. Our firm delivers tens of thousands of insurance policies on an annual basis and I would predict that less than 1% of them are opened and read. Why? It is because insurance policies are confusing and in today’s fast paced business climate, business owners and company employees have much better (more profitable) use for their time. Sound about right? There is one exception... If you want to control your insurance cost - understand your Experience MOD. What is an experience MOD? It is a factor built into your work comp program that will make a $10,000 work co... Read more...

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...