Risk management is often misunderstood and underappreciated by people. As our families grow and acquire assets, risk management becomes one of the most critical steps in protecting financial future.

While you protect your income through life and disability insurance, your health via health insurance, and your assets by having property & casualty insurance, risk management is not only about insurance. You can also mitigate certain risks through evaluation of exposures, careful planning, and reviewing of the contracts.

Boris Foxman is licensed to sell life, health, and disability insurance in the states of Maryland, Virginia, and District of Columbia.