It is the intention of this chapter to comply with the requirements
imposed upon the Borough by P.L. 2022, c. 92 which provides for the annual registration of certificates
of insurance by business owners and the owners of rental units located
in the Borough.
In accordance with and pursuant to P.L. 2022, c. 92, signed into law on August 5, 2022, 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.
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 over the[??]
The filing fee to be paid for each certificate of insurance
filed with the Borough Clerk shall be the sum of $100.
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 East Rutherford.
This chapter shall be effective upon proper passage and approval
in accordance with the law.