Cities and Villages Mutual Insurance Company (CVMIC), the City's insurance company, sponsors an annual Significant Awards Program for the cities and villages they insure. Since 1999, CVMIC has used this program to recognize members' developed programs, products, safety and risk management related materials, videos, etc., that address risk management concerns, reduce loss exposures or improve the safety of operations. If the submission is chosen as a winner, the winner receives a $1,000 award which then must be used to purchase a product or service related to risk management, safety or loss control. The judging for the awards is done by the CVMIC Risk Management Group using criteria approved by the CVMIC Board of Directors.
City management encourages every department to make submissions for awards. Since 1999, the City submitted nine programs and won seven awards.