[Added 12-21-2023 by Ord. No. 23-40]
Owners of a business, rental unit(s), and/or multifamily homes
of four or less units shall be required to have liability insurance
as follows:
a. Owners of a business and/or rental unit(s) shall maintain a minimum
of $500,000 in liability insurance for negligent acts and omissions.
b. Owners of multifamily homes of four or less units, one of which is
owner occupied, shall maintain a minimum of $300,000 in liability
insurance for negligent acts and omissions. A multifamily home of
four or less which is not owner occupied are not exempt from showing
proof of liability insurance, and they must obtain and register liability
insurance of $500,000.
c. The liability insurance for owners of a businesses, rental unit(s),
and/or multifamily homes of four or less units, one of which is owner
occupied, shall include, but is not limited to, coverage for property
damage and bodily injury to or death of one or more persons in any
one accident or occurrence.
[Added 12-21-2023 by Ord. No. 23-40]
a. Any owner of a business or rental unit or unit required to maintain
insurance as set forth in this chapter is required to annually file
a copy of a certificate of insurance demonstrating compliance with
P.L. 2022, c. 92, with the Borough Clerk as follows:
1. Within 30 days of the date this chapter takes effect;
2. Within 30 days of the date of establishment of said business or rental
unit(s) within the Borough of Elmwood Park;
3. On or before January 15 of each year following the enactment of this
chapter.
b. A new certificate will be required annually for each calendar year.
All certificates shall be renewed no later than January 15 of each
calendar year.
c. Upon filing of an insurance certificate, the Borough Clerk shall
issue a certificate of registration to the owner stating the amount
of coverage and the policy period of the insurance policy or policies
evidenced by the certificate of insurance.
[Added 12-21-2023 by Ord. No. 23-40]
a. In the event that two or more businesses occupy the same location,
the owner shall be required to complete a separate municipal registration
form and obtain a separate certificate of insurance for each business.
b. In the event that the same owner conducts business at two or more
locations, a separate business registration form shall be required
for each location.
[Added 12-21-2023 by Ord. No. 23-40]
a. Issuance of a municipal insurance registration certificate by the
Borough Clerk does not evidence compliance with any other applicable
rules, regulations, ordinances, and statutes of the municipality,
County or State of New Jersey, or any other regulatory agencies having
jurisdiction.
[Added 12-21-2023 by Ord. No. 23-40]
a. The filing fee to be paid for each certificate of insurance filed
with the Borough Clerk shall be the sum of $100.
[Added 12-21-2023 by Ord. No. 23-40]
a. Any owner who fails to comply with this chapter may be subject to
a fine not less than $500 but no more than $5,000. The Code Enforcement
Official may bring this action in Municipal Court or Superior Court
as a summary proceeding under the "Penalty Enforcement Law of 1999,"
P.L. 1999, c. 274 (N.J.S.A. 2A:5 8-10 et seq.), and any penalty monies
collected shall be paid to the Borough of Elmwood Park.