[HISTORY: Adopted by the Mayor and Council of the Borough of Leonia 12-19-2022 by Ord. No. 2022-20. Amendments noted where applicable.]
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[1] and paying the registration fee required herein.
[1]
Editor's Note: See N.J.S.A. 40A:10A-2.
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.
A. 
The registration fee shall be $75 annually.
B. 
Registrations shall expire on December 31 of each year. Renewals must be submitted by December 1 of each year. After the effective date of this chapter, entities covered under this chapter shall be required to register by December 1, 2022 and such registration shall be valid for the 2023 calendar year.
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.