Peabody Insurance Blog


Don’t Be Fooled By Social Engineering

Mar 16, 2016

"Technology has improved efficiencies, added convenience and helped many companies grow at an incredible pace. Even with advancements in technology, human interaction and error-prevention still play a critical role in protecting our assets." Brenda Boomer | bboomer@peabodyinc.com Article Courtesy of Cincinnati Insurance Computer fraud called social engineering entails manipulating and deliberately deceiving a person and exploiting human weakness to obtain confidential information or assets such as cash. This manipulation could include: Phishing – An email appears to come from ... Read more...

Hiring a Commercial Contractor? Don’t Overlook Risk

Mar 16, 2016

"When your business is considering new construction or expansion, make sure that the contractor you hire is properly covered." Jo Wood | jwood@peabodyinc.com Article Courtesy of Cincinnati Insurance If you are growing a business, developing real estate or buying commercial construction services, you probably know “construction” equals “risk.” The safety of the tradespeople working on your property and the potential for physical damage resulting from construction activity all factor into your planning and risk management. But one important and often overlooked risk is who you hire t... Read more...

Car Seat Safety

Mar 16, 2016

"Most parents do not know if they are using a car seat correctly. Do you?" Tonya Davis | tdavis@peabodyinc.com According to the National Highway Traffic Safety Administration (NHTSA), 3 out of every 4 car seats are used incorrectly. An incorrectly used or installed car seat can put a child in danger in the event of a car accident. Your first step to car seat safety is to find the right car seat. Choosing a car seat for your child is not always easy. After you find one that is appropriate for your child’s age and size, you need to make sure that your car seat is compatible with your ve... Read more...

Start a Garden this Spring

Mar 16, 2016

"Gardening offers you an easy way to be physically active!" Bridget Hetchler | bhetchler@peabodyinc.com With spring weather approaching soon, consider making plans to start a garden at home. Keeping a garden at your home allows you to have a convenient source of fresh fruits and vegetables for you and your family. But gardening can also be a good source of physical activity, according to the Centers for Disease Control and Prevention (CDC). The CDC considers gardening to be a moderate-intensity level activity and an easy way to be physically active every day. According to the CDC, two... Read more...

Questions on Your Personal Insurance? Meet our experienced Account Managers!

Mar 16, 2016

"Across every industry people are asked to get more done, faster, and with less resources. We understand that this is a lot to ask out of an individual, which is why our agency created an organizational structure that allows this to be accomplished. Meet our Personal lines service team – Tonya & Bridget." Jim Peabody | jpeabody@peabodyinc.com At Peabody Insurance our Personal Lines Department operates a little differently. We realize that between client meetings and community events our sales agents are frequently out of the office, which means they may not always be there when you c... Read more...

AF CompAdvisor – Provider Locator at Your Fingertips

Mar 16, 2016

"With the new AF Comp Advisor App you will be ready should an unfortunate accident occur. Your company’s HR Director, or Loss Control Manager will rest assured that their employee is being taken care of by a highly qualified workers’ compensation provider in the area." Wendy Light | wlight@peabodyinc.com When a workplace injury occurs, finding prompt and proper care for the injured worker is top priority. That’s why Accident Fund created a new mobile app – AF CompAdvisor – which makes it simple to find a nearby physician who specializes in workplace injuries. Utilizing our patented, awar... Read more...

Government Contractors are Forced to Develop Cyber Security

Feb 17, 2016

"Does your business work as or with a government contractor? President Obama's spending on cyber security will put a spotlight on the security programs that are in place for government contractors." Wendy Light | wlight@peabodyinc.com Article Courtesy of: Samuel Rubenfeld and The Wall Street Journal The Morning Risk Report: Federal Cyber Spending Increases Company Oversight President Barack Obama‘s big requested increase in federal spending on cybersecurity will generate a lot more attention on government contractors, forcing them to work harder on their own security to keep gove... Read more...

Understanding Your Workers' Compensation Experience Modification Factor

Feb 17, 2016

"A key to understanding your workers' compensation premium is the experience modification factor, also known as your mod. Understanding your company's mod and the data used to obtain it helps you identify ways to minimize your workers' compensation premium." Jo Wood | jwood@peabodyinc.com   How is a mod calculated? The process of calculating the experience modification factor is complex, but the underlying theory and purpose of the formula is straightforward. Your company’s actual losses are compared to its expected losses by industry type. The formula incorporates factors tha... Read more...

Cyber Attacks, an Everyday Danger

Feb 17, 2016

"While natural disasters are still the main reason for an business interruption, another cause is quickly moving up the ranks: cyber-attacks. As businesses continue to rely on computers and digital storage of essential data, cyber-attacks will continue to be a potential exposure. Watch this short video to learn how a cyber-attack could affect your business." Brenda Boomer | bboomer@peabodyinc.com In recent years, cyber attacks have been targeted at major retailers, world government, and medical insurers. Today attacks are now targeted at YOU. In fact, companies with less than 100 employe... Read more...

Smart Devices Can Keep Your Home and Family Safe

Feb 17, 2016

"Smart home devices have grown in popularity over the past few years, and people are starting to realize that it is not a passing fad. In fact, there are some intensely practical applications for it. For example, smart home automation can save money and energy, keep your home safe, and simplify your life." Teresa Taylor | ttaylor@peabodyinc.com Modern smartphones have technology that keeps you safe and makes your daily tasks more convenient. And now, technology experts believe that “smart homes” can do the same for your home and family. Common household appliances and devices, such as... Read more...

Heart Attack Signs and Symptoms

Feb 17, 2016

"February is heart health month. Look out for your loved ones by knowing the signs and symptoms of a heart attack." Danielle Allen | dallen@peabodyinc.com Article & Image Courtesy of: CDC The five major symptoms of a heart attack are: Pain or discomfort in the jaw, neck, or back. Feeling weak, light-headed, or faint. Chest pain or discomfort. Pain or discomfort in arms or shoulder. Shortness of breath. Other symptoms of a heart attack could include unusual or unexplained tiredness and nausea or vomiting. Women are more likely to have these other symptoms. Learn more... Read more...

Fire Facts & Escape Plan Logistics

Feb 16, 2016

A fire can spread in a matter of minutes claiming everything you own. In the event of a fire, Peabody Insurance Agency wants to make sure you and your loved ones have an escape plan. Click on the images below for Fire Facts and Escape Plan Logistics that can save your life.     Condolences to the family and to the Swartz Creek community of, 9-year-old, Harold "Trey" Coburn who was recently lost in a tragic house fire February 1, 2016. ... Read more...

Auto-Owners Tops J.D. Power Survey on Auto Insurance Claims Satisfaction

Jan 17, 2016

"Auto-Owners insurance, headquartered in Lansing, MI is ranked #1 in the nation for satisfaction with auto insurance claims." Brenda Boomer | bboomer@peabodyinc.com Article Courtesy of: NerdWallet and Donna Freedman A regional insurance company has edged out larger, national competitors in a new customer satisfaction study from J.D. Power. Auto-Owners Insurance, based in Lansing, Michigan, took the top spot in the 2015 U.S. Auto Claims Satisfaction Study from the consumer research group. The insurer sells coverage in 26 states, mostly in the Midwest and Southeast. Amica Mutual, whi... Read more...

A Checklist For Safe Snowmobiling

Jan 17, 2016

"Whether it's to enjoy the thrill of the ride or the beauty of nature, to go places unreachable by other means or just to spend time with family and friends, millions of people enjoy the outdoors on snowmobiles." Danielle Allen | dallen@peabodyinc.com Article Courtesy of: Cincinnati Insurance Whether it’s to enjoy the thrill of the ride or the beauty of nature, to go places unreachable by other means or just to spend time with family and friends, millions of people enjoy the outdoors on snowmobiles. The International Snowmobile Manufacturers Association (ISMA), representing the fou... Read more...

5 Nutrition Tips for the New Year

Jan 17, 2016

"Use these 5 tips to help fulfill your New Year's resolution!" Teresa Taylor | ttaylor@peabodyinc.com In January, many people are starting their resolutions for the New Year, and one of the most common is to eat healthier. More than one-third of Americans are obese and at risk for heart disease, type 2 diabetes and certain types of cancer. Here are some simple tips that you can use to improve your nutrition: Try to eat smaller portions. One easy way to do this is to purchase smaller plates to use at home. Pace your meals. When you eat too quickly, your body sometimes doesn’t have t... Read more...

Top Cyber Threats of 2016

Jan 17, 2016

"The McAfee Labs 2016 Threat Predictions report identifies top threats for the coming year as well as predictions for future cyber threats through 2020. The following is a summary of the report's findings." Jo Wood | jwood@peabodyinc.com Hardware: Attacks that exploit flaws in both hardware and firmware components are expected to continue; security experts recommend being mindful of this potential avenue of exploitation below the level of the operating system. Ransomware: Ransomware attacks will likely become more common and more sophisticated. “Ransomware-as-a-service” is expected to... Read more...

OSHA Penalties to Increase in 2016

Jan 17, 2016

"The Bipartisan Budget Act (Act) was signed into law on Nov. 2, 2015. This Act allows OSHA to increase the maximum penalties for safety and health violations, and will become effective by August 1st, 2016. The penalty amounts will continue to be adjusted for inflation each year." Wendy Light | wlight@peabodyinc.com On Nov. 2, 2015, President Obama signed the Bipartisan Budget Act of 2015 (Act), which is a two-year budget deal. One provision in the Act will allow OSHA to increase the maximum penalty amounts it imposes on employers that violate occupational safety and health standards. The... Read more...

Workplace Stress: What the Research Tells Us

Dec 10, 2015

"The nature of work is changing at whirlwind speed. Perhaps now more than ever before, job stress poses a threat to the health of workers and, in turn, to the health of organizations."  Jo Wood | jwood@peabodyinc.com Job Conditions That May Lead to Stress The Design of Tasks. Heavy workload, infrequent rest breaks, long work hours and shiftwork; hectic and routine tasks that have little inherent meaning, do not utilize workers’ skills, and provide little sense of control. Example: David works to the point of exhaustion. Theresa is tied to the computer, allowing little room for flex... Read more...

Holiday Fire Safety at Home

Dec 10, 2015

"Each year, U.S. fire departments respond to nearly 230 home structure fires that start with Christmas trees. Home Christmas tree fires cause an average of six deaths, 22 injuries and more than $18 million in direct property damage annually, and the danger can extend beyond Christmas." Bridget Hetchler | bhetchler@peabodyinc.com Article Courtesy of: Chubb Insurance Four Fire Hazards and Tips to Avoid Them: Picture your perfect holiday. Perhaps you hear family members laugh while the fireplace crackles in the background. Or you enjoy your favorite holiday meal surrounded by friends ... Read more...

Reauthorization of Terrorism Risk Insurance Act Enacted

Dec 10, 2015

"President Obama spoke to the nation on 12/6/2015 about acts of terrorism. Did you know that earlier this year he signed into law a bill that reauthorizes the Terrorism Risk Insurance Act (TRIA)? This act allows the insurance industry and federal government to share the losses created by a catastrophic terrorist attack." Wendy Light | wlight@peabodyinc.com Reauthorization of Terrorism Risk Insurance Act Enacted On Jan. 12, 2015, President Obama signed into law a bill that reauthorizes the Terrorism Risk Insurance Act (TRIA), the federal terrorism risk insurance backstop. TRIA, which w... Read more...

Ride Sharing May Create Insurance Gaps

Dec 10, 2015

"Uber is a prevalent source of transportation in Flint, Ann Arbor, Detroit, Lansing, and Kalamazoo. This and other ride-sharing apps are changing the game on transportation and your insurance will need to keep up. Submit your contact information with the comment "ride-share" on our website and an agent will contact you for a free coverage review." Teresa Taylor | ttaylor@peabodyinc.com Article Courtesy of: Cincinnati Insurance Agency  Drivers and riders who participate in ride-share alternatives to taxi services may be subject to significant insurance gaps. If you participate in rid... Read more...

A Thoughtful Gift

Dec 10, 2015

"Peabody Insurance has teamed up with The Cincinnati Life Insurance Company to give the gift of life insurance this Holiday Season. Call us at 810-629-1504 to learn how you can make a difference in your youngster's life." Danielle Allen | dallen@peabodyinc.com Dear Parents and Grandparents: Give a valuable gift to a youngster who is dear to you this holiday. A whole life insurance policy from The Cincinnati Life Insurance Company provides $10,000 of life insurance protection for the child’s entire lifetime . . . with only one single premium to pay. It’s so easy. Just call us or em... Read more...

Securing Your Mobile Device

Nov 16, 2015

"In the 90's, an average PC stored about 90MBs of data. Today's baseline iPhone 6 will store 16GB (1GB = 1,000MB). If someone acquired access to this much data on your business, how could that impact you?" Brenda Boomer | bboomer@peabodyinc.com Because of all they can offer, smartphones and tablet devices are essential to many professions’ daily operations. However, as use rises, it will become more and more important to ensure that security for these mobile devices is able to adequately protect you from new and existing threats. The need for proper phone security is no different ... Read more...

Using Life Insurance to Fund a Buy-Sell Agreement

Nov 16, 2015

"Life insurance is a versatile policy that can mean the difference for the family if the worst were to happen. Did you know that it can do the same for your business? Read this article to learn how life insurance can be a part of your business continuity policy." Wendy Light | wlight@peabodyinc.com A chief concern among businesses is how the death of an owner will affect the business, other owners and the heirs of the deceased. Surviving owners want to ensure the continuity of ownership, the protection of the business’s finances and that their family is financially secure and compensated... Read more...

Fall And Winter Seasons Mean an Increased Risk of Home Fires

Nov 16, 2015

"Did you know that the average person only has 3 minutes to exit the home after hearing the smoke alarm? Use these 4 steps to prepare for a fire." Danielle Allen | dallen@peabodyinc.com   Since many people tend to stay indoors more during the fall and winter seasons, they actually face an increased risk of home fires. Additionally, many modern conveniences make homes even more at-risk than they have been in the past. As a result, it’s more important than ever to ensure that you and your family are prepared in case of a fire. In 1970, a study by the National Institute of St... Read more...

Santa Run

Nov 16, 2015

"The Flint Santa Run/Walk is a fun event where all participants receive a full santa suit and spend some time in Flint, MI supporting the YMCA Partnership With Youth. My family and I have attended the event for years, doing everything from running with the dog, to pushing the stroller, to driving in last minute from East Lansing! Here is the link to learn more and register." Grace Peabody | gpeabody@peabodyinc.com Article Courtesy of YMCA of Greater Flint YMCA Santa Run Presented by Al Serra Auto Plaza December 5, 2015 at Noon YMCA of Greater Flint- Downtown 411 East Third St... Read more...

Michigan Motorists Can Prove Auto Insurance Coverage on Cell Phone Under Approved Bill

Nov 16, 2015

"Now that proof of auto insurance has gone digital, we can email copies of your auto insurance to be stored on your device. Call Peabody Insurance today to learn more. 810-629-1504" Teresa Taylor | ttaylor@peabodyinc.com Article courtesy of: MLive Michigan motorists involved in traffic stops or crashes will have the option to show proof of no-fault auto insurance coverage in an electronic form under legislation heading to the desk of Gov. Rick Snyder. House Bill 4193, sponsored by Republican Rep. Aric Nesbitt, of Lawton, and unanimously approved by the Senate on Wednesday, would al... Read more...