[HISTORY: Adopted by the Borough Council of the Borough of
Florham Park 4-20-2023 by Ord. No. 23-07. Amendments noted where applicable.]
A.
The owner of a business located within Florham Park Borough shall
maintain liability insurance for negligent acts or omissions in an
amount of no less than $500,000 for combined property damage and bodily
injury to or death of one or more persons in any one accident or occurrence.
B.
The owner of a rental unit or units located within Florham Park Borough
shall maintain liability insurance for negligent acts or omissions
in an amount of no less than $500,000 for combined property damage
and bodily injury to or death of one or more persons in any one accident
or occurrence.
C.
The owner of a multifamily home of four or fewer units, one of which
is owner occupied, located within Florham Park Borough shall maintain
liability insurance for negligent acts and omissions in an amount
of no less than $300,000 for combined property damage and bodily injury
to or death of one or more persons in any one accident or occurrence.
D.
Each person set forth in Subsections A through C of this chapter shall file with the Borough a certificate of insurance as evidence of the level of coverage as required by this chapter, and shall at the same time submit a payment in the amount of $10 per certificate. Upon the filing of an insurance certificate and the requisite fee, 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.
E.
The obligation to file an insurance certificate for a business in
Florham Park Borough applies within 30 days after the effective date
of this chapter. If the business is established after the effective
date of this chapter, the obligation to file an insurance certificate
for a business in Florham Park Borough applies within 30 days of the
date that the business is established.
F.
The obligation to file an insurance certificate for rental units
or for multifamily homes of four or fewer units, one of which is owner-occupied,
applies within 30 days after the effective date of this chapter. If
the rental units or the multifamily home are acquired after the effective
date of this chapter, the obligation to file an insurance certificate
applies within 30 days after such acquisition.
G.
The requirement to file a certificate of insurance as set forth in
this chapter applies on an annual basis, and the certificate shall
be filed on or before January 15 of each year.
If the owner of a business, or of a rental unit or units, or the owner of a multifamily home of four or fewer units, one of which is owner occupied, fails to file the required certificate of insurance with Florham Park Borough and/or pay the corresponding fee as required in § 148-1D within 10 days of any applicable deadline, Florham Park Borough may bring an action to impose a fine of not less than $500 but no more than $5,000 pursuant to N.J.S.A. 2A:58-10 et seq. (the "Penalty Enforcement Law of 1999").
All ordinances or parts of ordinances inconsistent herewith
are hereby repealed as to such inconsistencies.
If any article, section, subsection, paragraph, phrase, or sentence
is for any reason held to be unconstitutional or invalid, said article,
section, subsection, paragraph, phrase or sentence shall be deemed
separable.
This chapter shall take effect upon final passage and publication
according to law.
