Peabody Insurance Blog


Free Movie this Weekend!

Jan 27, 2015

FREE movie night! Sponsored by Peabody Insurance Agency Join us for the movie "Radio" (PG13) Saturday, Jan. 31, 2015 at 7:00PM In the auditorium at Karl Richter Community Center of Holly Concessions will be available.     ... Read more...

Winter Driving and Skid Prevention

Jan 22, 2015

“Driving in the winter can be dangerous. Knowing how to drive safely can be a lifesaver” Brenda Boomer | bboomer@peabodyinc.com One of the most dangerous winter driving hazards is skidding. If it happens at a high speed, the result can be deadly. But most skids can be avoided by simply adjusting to driving conditions and knowing how to recover from a skid. Skids are most likely to occur on curves and turns, so slow down ahead of time to prepare for them. Then, when in the curve, accelerate slowly and steer steadily with no abrupt change in direction and, especially, no abrupt braking.... Read more...

Cyber Risks and Liabilities

Jan 13, 2015

“Is your business safe from Cyber Threats? This newsletter will give you information to consider. Please call us with your Cyber Liability questions.” Wendy Light | wlight@peabodyinc.com All About the Sony Hack Sony Pictures Entertainment was hacked in late November by a group called the Guardians of Peace. The hackers stole a significant amount of data off of Sony’s servers, including employee conversations through email and other documents, executive salaries, and copies of unreleased Sony movies. Sony’s network was down for a few days as administrators worked to assess the damage. ... Read more...

Protect Your Home While You Are Away

Jan 13, 2015

“Planning a mid-winter get-away? This article may give you some new ideas for keeping your home safe while you are away.” Teresa Taylor | ttaylor@peabodyinc.com Unfortunately, no one is completely immune from theft. Whether you’re looking to protect your home while you are away on vacation or simply away at work, your first line of defense is to thwart burglars. Home Protection Tips Contact your local police department to request that an officer visits your home to evaluate how secure it is and offer some improvements. Keep your shrubs, trees and other foliage short and well-gro... Read more...

Winter Driving - Skid Prevention

Jan 12, 2015

“There have been some serious pile-ups so far this season.  Being prepared can help you avoid an accident! Share this with your kids!” Danielle Allen | dallen@peabodyinc.com One of the most dangerous winter driving hazards is skidding. If it happens at a high speed, the result can be deadly. But most skids can be avoided by simply adjusting to driving conditions and knowing how to recover from a skid. Skids are most likely to occur on curves and turns, so slow down ahead of time to prepare for them. Then, when in the curve, accelerate slowly and steer steadily with no abrupt change in... Read more...

Four Components of Cyber Risk Management

Nov 10, 2014

“These are four practical steps to help you manage your cyber risks.” Brenda Boomer | bboomer@peabodyinc.com If your company stores data and information digitally, you should have a cyber risk management program that addresses prevention, disclosure, crisis management and insurance coverage in the event of a data breach. Good cyber risk management requires the planning and execution of all four of these components. Develop Strategies to Prevent a Data Breach Your data breach prevention strategies may include encrypting all devices used by your employees, such as laptops, tablets and ... Read more...

Why Do I Need Business Interruption Insurance

Nov 10, 2014

“Business Interruption coverage helps to keep you afloat while you recover from a claim. This is an actual case to show you how it works.” Jo Wood | jwood@peabodyinc.com Originally established for the manufacturing industry, Business Interruption Insurance has evolved into an essential risk transfer tool for all industries. Coverage provides resources that aid in recovery and can help get a company back on its feet quickly. A small business owner ‘s restaurant in Mississippi was devastated by Hurricane Katrina, leaving her with a blown-out ceiling, massive equipment damage and an unsa... Read more...

Are you Prepared for Cyber Attacks?

Oct 23, 2014

"Computers and the internet continue to play an ever increasing role in daily life. Understanding how to react to a cyber attack is vital for any business" Brenda Boomer | bboomer@peabodyinc.com Unlike physical threats that prompt immediate action—like stop, drop and roll if you catch on fire—cyber threats are often difficult to identify and understand. Cyber threats include dangers such as viruses erasing entire systems, intruders breaking into systems and altering files, intruders using your computer or device to attack others, and intruders stealing confidential information. The spect... Read more...

Ebola Concerns in the Workplace - Shared from HUB International

Oct 20, 2014

The current Ebola outbreak is a public health challenge, and global concern regarding the spread of the disease is understandable. It is important for businesses to keep the risks associated with this disease in perspective by staying informed regarding the evolving situation, and taking this opportunity to better prepare themselves. Background: The World Health Organization (WHO) considers Ebola virus disease (EVD) a severe illness in humans, and reports an average 50% fatality rate in infected populations. Ebola is transmitted ONLY through direct contact with the blood or bodily... Read more...

Fall Maintenance Protects Your Home for Winter

Oct 17, 2014

“The best way to protect your home from winter damage to is to prepare it before severe weather hits. Our friends at Cincinnati Insurance put together a great checklist to follow.” Teresa Taylor | ttaylor@peabodyinc.com Take advantage of fall weather to work on projects around your home and protect it from common winter problems. Keep the following tips in mind: Clean out your gutters. Remove leaves and other debris from your gutters first by hand to get rid of the large particles, and then with a scraping tool and water hose before cold weather arrives. This helps to prevent ice dam... Read more...

When to File an Insurance Claim and more

Oct 17, 2014

“This newsletter has several bits of important information! Tips in keeping you information safe while stored in the Cloud, protecting yourself against contractor insurance fraud & when to turn in a claim for a fender bender.” Bridget Hetchler | bhetchler@peabodyinc.com 5 Tips for Using Cloud Services to Keep Your Private Information Safe Storing documents, photos and data in cloud storage can be very convenient. Some people feel it’s much easier to have everything in one place instead of carrying around flash drives or discs that contain your data. But recent events in the media ... Read more...

Employment Practice Liability Insurance

Oct 17, 2014

“This article highlights a real Employment Practices Liability claim. Even if a claim is unwarranted, there could be a large cost to defending yourself!” Jo Wood | jwood@peabodyinc.com As a business owner, you strive to hire qualified employees to work for you. Unfortunately, as you are well aware, not every hiring decision goes as planned. Even if an employee is terminated for legitimate reasons—poor attendance, unsatisfactory work habits, etc.—every termination opens the door for potential lawsuits. Read on to learn from one business owner’s experience and find out how employment pract... Read more...

Using Life Insurance to Fund a Buy-Sell Agreement

Oct 17, 2014

“What happens to your business if something happens to you? Learn how life insurance can help fund your Buy-Sell Agreement." Wendy Light | wlight@peabodyinc.com A chief concern among business owners is what will happen upon the death of one of the owners: how will it affect the business, the other owners and the heirs of the deceased owner? Surviving owners want to ensure the continuity of ownership and not risk having a large share of ownership fall into the hands of potentially inexperienced heirs of the deceased. In addition, they want to protect themselves and the company financially... Read more...

Prepare Your Car for Winter

Oct 17, 2014

“We were reminded last year just how bad winter can be! Making sure your car is safe is a great way to keep your family safe.” Danielle Allen | dallen@peabodyinc.com In the winter months, we all need to take additional steps to protect ourselves from the cold – warmer clothes, a heavy coat, a hat, mittens, a scarf and boots with good traction for the snow. It’s also a good idea to protect your car during cold months by winterizing your vehicle before the beginning of the season. This is essential, as cold temperatures make it difficult for engines to work properly, snow limits tire tract... Read more...

Healthcare.gov Security Update

Oct 17, 2014

Government officials have revealed that hackers were able to breach security for healthcare.gov, the federal insurance enrollment exchange created by the Affordable Care Act, and the site remains vulnerable to further attacks less than two months before open enrollment begins. The attack, which occurred in July and was announced in early September by the Department of Health and Human Services (HHS), was discovered by government security experts nearly a month after it took place. The intruder was able to upload malicious software to the site, but investigators found no evidence that users’... Read more...

Pitch in and Make Our Safety Program a Success

Sep 24, 2014

"Safety in the workplace is everyone's responsibility. Having a comprehensive safety program will help keep safety on the top of everyone's mind" Brenda Boomer | bboomer@peabodyinc.com Safety on the job is something all employees should take seriously—nothing less than the future of your family is at stake. An on-the-job accident could very easily disable you, leaving security and future plans up in the air. Together, you and your co-workers can get your own safety program off the ground by giving your supervisors ideas to make things safer. In the property management environment, any... Read more...

Employment Practices while Recruiting and Hiring

Sep 16, 2014

“Your business can be extremely vulnerable in the recruiting, hiring stages. This article offers some advice to keep you protected.” Jo Wood | jwood@peabodyinc.com Like any employer, you want make sure that your new employees are the best in the business. Searching for the right candidate to fill a crucial position is a time-consuming and difficult process. Your company needs to make sure that every new employee is highly skilled and right for the job—and you only have an application, resume and interview to find that out. Employers need to be careful, though. The hiring process is on... Read more...

Life Insurance Explained

Sep 16, 2014

“Life insurance is definitely not ‘One Size Fits All’.  This article explains the differences so you can choose which one fits you best.” Teresa Taylor | ttaylor@peabodyinc.com Protection and Peace of Mind If others depend on you for financial support, part of your financial plan should include how you will provide for them in the event of your death. Purchasing a life insurance policy is a safety net that ensures your loved one’s future financial obligations are met, covering items such as funeral costs, outstanding debt, estate taxes and everyday living expenses. If you are marri... Read more...

Take Time for Chimney Maintenance

Sep 16, 2014

“Woodstoves and fireplaces are wonderful as the weather gets colder, but they can also pose a fire hazard.  It is a great idea to have your chimneys checked by a professional every year.” Bridget Hetchler | bhetchler@peabodyinc.com Lighting a fire on a cold, winter night is a wonderful way to stay warm and toasty. In spite of the ambiance and relaxation that a fireplace provides, there are also inherent fire dangers. To combat the risk of fire or inhalation of dangerous carbon monoxide (CO) gas, it is important for you to make chimney maintenance part of your home loss prevention plan.  ... Read more...

Business Continuity Planning - A guide to developing the plan

Sep 16, 2014

"As a business owner it is important to plan for the worst. Using a business continuity plan can help keep you on the right track" Wendy Light | wlight@peabodyinc.com PLAN COMPONENTS The following is guidance for developing your Business Continuity Plan.  It includes the basic components of a Plan and outlines the steps in developing and implementing the Plan. Executive Summary The executive summary gives management a brief overview of: the purpose of the plan; the facility's emergency management policy; authorities and responsibilities of key personnel; the types of emergencies tha... Read more...

Beware of Deer on the Road!

Sep 16, 2014

“Fall is a great time of year! Cider mills are open, trees turn a beautiful color, days get cooler and the deer start running! Here are some tips for staying safe on the roads this time of year.” Danielle Allen | dallen@peabodyinc.com Staying safe on the road can be a challenge, especially when it involves an unexpected deer or other animal jumping across the road. The Centers for Disease Control and Prevention estimates that nearly one-quarter of all animal and vehicle crashes result in some form of bodily injury or vehicle damage. Whether you’re driving in the city or the country, here... Read more...

Join us for the U of M vs Michigan State Tailgate Party - October 24th

Sep 08, 2014

Whether you are cheering on Michigan State or The University of Michigan, the Peabody Insurance and Sulfaro Family Dentistry Tailgate Party is the place to be for your Pre-Game Fun. Click here to visit our Facebook page and RSVP for this great event. ... Read more...

Life Insurance: Who Needs It?

Sep 03, 2014

"September is Life Insurance Awareness Month.  The following article from lifehappens.org has some valuable information for people looking for life insurance." Teresa Taylor | ttaylor@peabodyinc.com Life Insurance: Who Needs It? (article courtesy of www.lifehappens.org) If someone will suffer financially when you die, chances are you need life insurance because it provides cash to your family after your death. This cash, known as the death benefit, replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and co... Read more...

Avoiding Premise Security Liability

Aug 27, 2014

"Property managers have a duty to provide tenants with reasonable measures of security. If they fail to do this, managers can be held liable for damages resulting from criminal activity." Brenda Boomer | bboomer@peabodyinc.com Property managers have a duty to provide tenants with reasonable measures of security. If they fail to do this, managers can be held liable for damages resulting from criminal activity. Security can be a scary prospect for property managers. While you want to provide your tenants with a safe location to live or work, the level of security you need to provide is not... Read more...

Minimum Wage Increase and Updated MIOSHA Poster

Aug 19, 2014

“When the minimum wage increases 9/1/14, your workplace mandated posters must update, too. Please use the attached poster to keep in compliance with MIOSHA.” Wendy Light | wlight@peabodyinc.com To download the Poster Click Here ... Read more...

Know How to React After a Vehicle Crash

Aug 18, 2014

"Uh oh, you just got into a fender bender on your way to run a quick errand. What should you do now? Stay calm and read on to learn how to react to make sure that the process goes as smoothly as possible" Brenda Boomer | bboomer@peabodyinc.com   Auto Accident Reaction Tips Get out of your vehicle and provide assistance to anyone who is injured. Call the police or highway patrol immediately. They can then contact emergency personnel for you, if needed. Take photographs of your damaged vehicle and the scene. Note the date and time that the images were taken. P... Read more...

Preparing Your Business for Flooding

Aug 18, 2014

"Flooding can be devastating.  If you own a business preparing for and preventing possible flood damage should be a high priority" Jo Wood | jwood@peabodyinc.com Floods can sometimes be predictable. For example, charting the habitual swelling of the tides establishes typical water levels and indicates when coastal areas might be prone to flooding. However, more often than not, floods can arise without warning—rivers, lakes or the sea can overrun, swamp defenses and surge through the surrounding areas. The fickle nature of weather in the United States only exacerbates the unpredictabil... Read more...

Properly Installed Safety Seat Can Save a Life

Aug 18, 2014

"Using the correct car seat and installing it properly is crucial for your families safety. I found this article by Steve Smith at The Cincinnati Insurance Companies very valuable" Teresa Taylor | ttaylor@peabodyinsurance.com One of the most important pieces of safety equipment a new parent can have is a child car seat. Just having a child car seat, however, is not enough. To truly receive the benefits the seat can provide, it must be properly installed. Unfortunately, from 2007 to 2011 more than 3,600 children were killed in car accidents. More than a third of those were killed becau... Read more...

Protect Your College Student's Possessions

Aug 18, 2014

"With many local college students returning to campus it is important to remember to contact your insurance agent to make sure you have the coverage they need. The following article by Laura Lewis at The Cincinnati Insurance Companies has some valuable tips" Bridget Hetchler | bhetchler@peabodyinc.com Do you have a young adult heading off to college in the fall? College can be a fun time for the student but a stressful one for the parent. Reduce some of the stress by planning ahead to make sure your college student has appropriate insurance protection while away at school. Insurance c... Read more...

School Bus Safety for Children and Drivers

Aug 18, 2014

"The school year is about to begin and school buses will be back on the road.  I found the following article by Kristen Bomkamp at The Cincinnati Insurance Companies very informative" Danielle Allen | dallen@peabodyinc.com With schools gearing up for fall, school buses will be returning to the roads. While statistically school buses are the safest method to transport children to school, it’s a good time for parents to remind children to follow safety rules while on the bus and at the bus stop. At the bus stop: Allow plenty of time to arrive at the bus stop. Children hurrying to... Read more...