New $10,000 Excellence in Municipal Risk Management Award Unveiled for Canadian Municipalities

PRINCETON, ON, May 13, 2014 /CNW/ - Frank Cowan Company is proud to launch a new and innovative Excellence in Municipal Risk Management Award.  As a Corporate Partner of the Federation of Canadian Municipalities (FCM), the inaugural award will be presented at the 2015 FCM Sustainable Communities Conference and Trade Show (February 10-12, 2015) in London, Ontario.  

The award, valued at $10,000, is open to every municipality in Canada and recognizes the advancement of the practice of risk management within the municipal sector.

"Many great achievements are emerging in municipal risk management. Frank Cowan Company strongly believes that these innovative accomplishments should be recognized on a national level. There isn't a forum in place today to do this, so we developed an award in conjunction with the Federation of Canadian Municipalities to meet the need," says Larry Ryan, President, Frank Cowan Company.

To qualify, a municipality needs to have recognized a risk within their operations and developed and successfully implemented a solution that prevents harm or injury to its assets or a third party. The risk management solution must also have the potential to be adopted by other municipalities.

"For the last nine years, I have had the opportunity to work with many Canadian municipalities and be part of their risk management program.  What continues to impress me is the number of municipalities that think "outside of the box" to develop and implement innovative and cost effective solutions for mitigating risk.  Yet, many of these great initiatives are not being shared publicly.  Frank Cowan Company developed the Excellence in Municipal Risk Management Award as a way to broadly recognize and share great risk management initiatives," states Barb Szychta, Vice President, Risk Management Services, Frank Cowan Company.

Frank Cowan Company, a leader in municipal insurance for over eight decades, continues to invest heavily in its risk management program in an effort to help clients become more proactive and enabled. A solid risk management plan helps municipalities control costs associated with claims, litigation and expenses.

Within the past two years, Frank Cowan Company launched their Risk Management Centre of Excellence – an online resource library with hundreds of articles designed to educate and inform Canadian municipalities about risk prevention. The Company also partnered with Operasoft, a Quebec company, to implement a weather monitoring station called Snowman that assists municipalities document actions associated with the weather.

Visit www.frankcowan.com for more information and to download a complete Excellence in Municipal Risk Management nomination package.

About Frank Cowan Company

Frank Cowan Company is a Canadian leader in providing specialized insurance programs, including risk management and claims services for municipalities and public service, healthcare, education, community, children's and social service organizations across Canada. Proven industry knowledge, gained through over 85 years of partnering with insurance companies and independent brokers, gives Frank Cowan Company the ability to effectively manage the necessary risk, advisory and claims services for both standard and complex issues.

Frank Cowan Company's head office is located in Princeton, Ontario with a branch office in Cambridge, Ontario.  Clients and broker partners receive support out of both locations. 

For additional information about Frank Cowan Company visit www.frankcowan.com. For risk management thought-leadership articles, checklists and tools visit excellence.frankcowan.com.

SOURCE Frank Cowan Company

For further information: Caryn McLean, Manager, Marketing & Communications, Frank Cowan Company, 1-800-265-4000 ext. 55344, caryn.mclean@frankcowan.com