That's most likely because it's on a transparent background in photoshop - and someone didn't do a good job of cleaning around the edges.
I'd open it in Photoshop and draw a clipping path around it - then update it in InDesign
Activate the clipping path in Object>Clipping Path>Options and select Photoshop Clipping Path.
Thanks! I didnt know you could do that. I really appreciate the help!
Actually, it might be because it's a .psd file, and resaving as a transparent .tif will fix it.
Bob Levine wrote an article about this a year or two ago at Screen Artifacts on Transparent PSDs in Exported PDFs Can Be Deceiving…Most of the Time. | InDesignSecrets