It is unlawful for any owner of a business, owner of a rental
unit or units, or the owner of a multifamily home of four or fewer
units, one of which is owner-occupied, to operate within the Borough
without first registering its certificate of insurance demonstrating
compliance with Section 1 of P.O. 2022, c. 92 and paying the registration fee required herein.
The following entities are required to register their certificate
of insurance under this chapter:
A. Businesses, which shall mean any business located in the Borough
of Leonia.
B. Owners of single rental dwelling units.
C. Owners of multiple dwelling rental units.
D. Owners of multifamily homes that include rental units, even where
one unit is owner-occupied.
The Borough Clerk shall accept, approve and file registration
applications and collect registration fees hereunder.
An application for a business insurance registration shall be
accompanied by the required fee and shall be made to the Borough Clerk
upon forms provided by the Borough Clerk. It shall contain the following
information:
A. Name and address of the applicant. If the applicant is a corporation,
the name and address of its registered agent.
B. The address of the rental dwelling units or business as applicable.
C. A description of the nature of the business and the goods, property
or services to be sold or supplied.
D. A certificate of insurance reflecting the following amounts of insurance
in compliance with P.L. 2022, c. 92:
(1) Except as provided in Subsection ii of this section, the owner of
a business or the owner of a rental unit or units shall maintain liability
insurance for negligent acts and 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.
(2) The owner of a multifamily home which is four or fewer units, one
of which is owner-occupied, 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.
Any person who violates the terms of this chapter shall pay
the license fee plus a fine of not less than $500, but no more than
$5,000 plus court costs.