5 Important Cybersecurity Tips

As your team of trusted advisors, one of our main objectives is to provide you with the knowledge and resources to help you achieve your goals. In today’s digital world, we understand that you are susceptible to cybercrime and identity theft daily.

We have compiled a few cybersecurity tips to help protect you against these threats:
  1. Understand that you are a target. It is a mistake to assume that you will not be targeted by a hacker or cyber-criminal. If you let your guard down, you put your personal and financial well-being at risk.
  2. Update your devices and their software. It is important to keep your computer and any additional internet-connected devices such as your smart phone or tablet updated. These updates are sent out because vulnerabilities have been found.
  3. Keep your passwords strong and do not reuse them across multiple sites. Ensure that the passwords you are using are unique and would not be easily identified.
  4. Think before you click (or open). Be careful when clicking links or opening attachments within an email. If something seems suspicious, it probably is. In order to check, hover your cursor over a link before clicking. When doing this, you are able to preview the link allows to ensure you will be directed to a safe site.
  5. Physically protect your devices. Take every precaution to prevent your computer from being used or stolen by unauthorized individuals. Laptops are easy targets for theft so it is important to store them in a secure and locked location when not in use.

As your team of trusted advisors, we want to encourage you to take the necessary steps to protect you and your business against cybercrime. To begin protecting yourself, be proactive and have a complete understanding of the cybersecurity tips in this post.

LBA Haynes Strand aims to alert the public on any scam or fraudulent attempt to steal identities or gain access to important financial information. To automatically receive updates like these, subscribe to our newsletter.

Practice Health Insurance Options: Professional Employer Organizations

Your first question is likely, what is a PEO? Simply, it’s a Professional Employer Organization. That probably doesn’t help your understanding, does it? To define PEOs, we’ve brought in an expert in the industry, Jeff Wanner, to describe the components and advantages further.

What is a PEO?

PEOs (Professional Employer Organizations) have become a widely popular strategy for small and medium sized businesses across the country. PEO partnerships provide a great deal of value across an organization to greatly simplify administrative functions, contain employee benefit costs, and a streamlined strategy for compliance.

How does it work?

The role of the PEO is to co-employ their client’s employees, which is the primary mechanism for delivering everything previously mentioned. The responsibility to follow state to state employment regulations, payroll tax filings, worker’s compensation claims, and employee benefits administration falls squarely on the shoulders of the PEO.

These organizations work with clients across the country and accumulate massive buying power for things like medical benefits. Being a part of these groups allows for a much more consistent and predictable medical increase structure as years progress. Many PEOs have averaged less than 3% annual increases over the past 10 years, whereas the national average is well above 10%. With medical benefits being the largest employee-related expense (outside of salaries), it’s not difficult to see why this strategy is very appealing economically as the years go on.

I can use this for my Dental Practice?

Dental practices have found this strategy to be very appealing over the past 5+ years. As you know, dentists are extremely busy business owners that don’t benefit from adding complexity to their practices. Dentists aren’t students of state to state employee regulations and compliance. With one evaluation, they are able to turn the key on essentially every aspect on the employee side of their practice. The only challenge is picking the right partner for your practice!

Companies like PairPEO are great resources for these evaluations and will even help through the implementation process for your practice. This is a good resource to start with to ensure the correct partner is brought to your practice.

If you have questions or would like to connect with a health insurance partner in your area, contact us today!