Peabody Insurance Blog


New federal overtime guidelines under FLSA

Oct 27, 2016

"A new federal rule for overtime pay that becomes effective December 1, 2016, may increase an employer’s need for EPLI – employment practices liability insurance." Dave Lucas | dlucas@peabodyinc.com Article Courtesy of: Cincinnati Insurance In May 2016, the U.S. Department of Labor published a final rule updating its overtime regulations. For decades, the DOL’s federal wage and hour law, known as the Fair Labor Standards Act (FLSA), required employers to pay nonexempt employees overtime at 1.5 times an employee’s regular rate of pay for hours worke... Read more...

Healthy Aging Tips

Oct 27, 2016

"Follow these simple tips to maintain your active lifestyle!" Teresa Taylor | ttaylor@peabodyinc.com As you age, it’s important to stay healthy, fit and active to keep your body functioning as it should. And, the earlier you start maintaining a healthy lifestyle, the longer you will be able to enjoy the benefits. Use these tips to keep your body and mind healthy as you age: Stay up to date on your medical screenings, including visits to your primary care physician, optometrist and dentist. Limit your alcohol consumption. Exercise regularly. This m... Read more...

Consumer Auto Loss Trends

Oct 27, 2016

"High auto losses are occurring throughout the industry. Click this link to learn more!" Danielle Allen | dallen@peabodyinc.com Infographic courtesy of: Safeco Click Here to download a PDF version of this infographic ... Read more...

Galaxy Note 7 Officially Recalled

Oct 27, 2016

"Follow these steps to participate in the Galaxy Note 7 recall." Brenda Boomer | bboomer@peabpdyinc.com Samsung Electronics’ newest smartphone, the Galaxy Note 7, has been officially recalled by the U.S. Consumer Product Safety Commission. Although Samsung initiated a voluntary recall shortly after the phone’s release, all of the devices have now been recalled. If you own a Galaxy Note 7, it can be returned for a full refund or a replacement device. Here are some steps to take if you or a family member has purchased one of the devices: Immediately stop us... Read more...

Check Out Our Renovation Progress!

Oct 04, 2016

Our team has grown  so much we have decided to take over our entire office building. Which means our office is under construction! Check out the progress of our building renovation.   ... Read more...

Heavy Lifting in Youth Linked to Back Pain Later in Life

Sep 27, 2016

"Teaching correct lifting technique is important from an early age to help prevent back pain later in life" Teresa Taylor | ttaylor@peabodyinc.com According to a study conducted by researchers at the Finnish Institute for Occupational Health, young adults who engage in work that involves heavy lifting and forceful movements could be at an increased risk of developing back pain later in life. Researchers surveyed 738 Finnish men and women between the ages of 18 and 24, and then followed up with that same group 20 years later. For both men and women, the likelihood of developing... Read more...

Tips to keep game-day tailgating safe and fun

Sep 27, 2016

Football game day fuels emotions and festivities, whether you’re rooting for your college alma mater or your favorite pro team. Don’t let the distractions of tailgating, friendly get-togethers, the game or your busy neighborhood lead you to disregard safety issues. Before decking out in your favorite team colors, keep these tips in mind: Follow all posted rules for your tailgating site. Make sure your grill is placed a reasonable distance away from your vehicle. Heat from the grill can damage the paint and could ignite the gas tank. Place a fire extinguisher next to the tailg... Read more...

Merger & Acquisitions Insurance Considerations

Sep 26, 2016

"In a situation where one company merges with another to become a single entity, or when one company is acquired by another, it is imperative that both parties review and update their insurance coverages to ensure all risks are accounted for. This article details the steps your company should take to prepare for a merger or acquisition and defines two types of insurance that may help your company close the deal with confidence." Wendy Light | wlight@peabodyinc.com Perform an Insurance Review To make sure your company is not blindsided by surprise liabilities after a merger or ... Read more...

On The Town Article: From Excavators to Industrial Warehouses

Sep 26, 2016

On The Town Magazine (Volume 6 Issue 2 – pg 36) Written by Chelsea Mills Peabody Insurance Agency has a pretty awesome group of agents and team members. They wanted to take the time to spotlight one of their workers compensation specialists who has saved his clients thousands of dollars each year. He’s done this by correcting errors found in workers compensation audits, experience modification factors and premium calculations in every type of business, ranging from excavators to industrial warehouses. Did you know approximately 25-50% of business owners who carry a workers compensation p... Read more...

The Society of CIC Recognizes Jim Peabody For Twenty Years of Leadership

May 23, 2016

"Jim Peabody is Recognized for Insurance Leadership by the Society of Certified Insurance Counselors." Kelly Dues | kdues@peabodyinc.com The Society of CIC Recognizes Jim Peabody For Twenty Years of Leadership Jim Peabody, CIC owner of Peabody Insurance Agency in Fenton, Michigan was recently honored for his ongoing pledge to education, commitment to excellence, and dedication to the insurance profession. The Society of Certified Insurance Counselors (CIC) presented Mr. Jim Peabody with a formally-inscribed certificate for his continued participation in the CIC Program. Earni... Read more...

Cellular Phone Safe Use Guidelines

May 23, 2016

Cellular Phone Safe Use Guidelines Each employee who drives a motor vehicle for company business shall abide by these guidelines. Acknowledgement of understanding and commitment to following these guidelines should be obtained by employee signature. Get to know your wireless phone and its features such as speed dial and redial. Carefully read your instruction manual and learn to take advantage of valuable features most phones offer, including automatic redial and memory. Also, work to memorize the phone keypad so you can use the speed dial function without taking your attention of the... Read more...

Prevention of Zika for Outdoor Workers & Zika mosquito Maps

May 19, 2016

“As mosquito season gets started in Michigan, there are new reasons to buy bug spray this summer. The zika virus continues to spread globally and outdoor workers need to be prepared. Read this article to learn more about how to protect your workforce from contracting and spreading the virus.” Brenda Boomer | bboomer@peabodyinc.com Prevention of Zika for Outdoor Workers* Recommended employer actions to protect outdoor workers: Inform workers about their risks of exposure to Zika virus through mosquito bites and train them how to protect themselves. Check the CDC Zika websi... Read more...

Covering Stolen Goods with Car Insurance

May 19, 2016

"Most people at least know of someone whose car has been broken into and items stolen. What most people don't know is that your homeowners policy not your auto policy is the best bet to replace these items. Read this article to learn more about what to do in the event of a auto break in." Bridget Hetchler | bhetchler@peabodyinc.com Article Courtesy of Carinsurancecomparison.com If you have any goods or personal property stolen from your car, don’t count on your car insurance company to pay for their replacement. Car insurance policies are not intended to provide coverage fo... Read more...

OSHA Updates Eye and Face Protection Standard

Apr 19, 2016

"OSHA eye and face protection standards are changing on April 25th 2016. Employers may comply with the 2010, 2003 or revised 1989 ANSI version of this standard. Read the full article to learn more!" Wendy Light | wlight@peabodyinc.com OSHA Updates Eye and Face Protection Standard On March 25, 2016, OSHA issued a final rule updating the eye and face protection standard. The final rule updates references to the most recent eye and face protection standards issued by the American National Standards Institute (ANSI). The final rule also harmonizes eye and face protection standards for ... Read more...

Changing Your Outlook on Stress

Apr 19, 2016

"April is stress awareness month. Check out this Ted Talk to see how you can turn stress into your friend." Danielle Allen | dallen@peabodyinc.com Article Courtesy of TEDGlobal Stress. It makes your heart pound, your breathing quicken and your forehead sweat. But while stress has been made into a public health enemy, new research suggests that stress may only be bad for you if you believe that to be the case. Psychologist Kelly McGonigal urges us to see stress as a positive, and introduces us to an unsung mechanism for stress reduction: reaching out to others. Learn how to make str... Read more...

Performing a Home Inspection After Winter

Apr 19, 2016

"Snow, sleet, hail and more all have the potential to cause substantial damage to your home. And, although some damage is inevitable, it’s important to inspect your home and the surrounding area in spring to see if any repairs are needed." Teresa Taylor | ttaylor@peabodyinc.com Performing a Home Inspection After Winter The winter and early spring season can cause wear and tear on your home. If small issues are left unattended, they will generally grow to become a much larger expense or claim. Here are five areas around your home to inspect after winter: Exterior: The exterior and ... Read more...

Will You Be Hiring a Student This Summer?

Apr 19, 2016

"As the school year comes to a close, businesses often hire vacationing high school students to supplement the workforce. This is a great opportunity for businesses to take advantage of temporary work and for students to gain work experience. Check out this article to review some basic but highly important rules that apply to employing minors." Brenda Boomer | bboomer@peabodyinc.com Article Courtesy of: Michigan Insurance Company This guide is for employers who hire minor workers. Every employer who hires young workers should know that in general: • A minor must be at least 14-year... Read more...

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 a... 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...