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 Township
of Greenwich without first registering its certificate of insurance
demonstrating compliance with the requirements of N.J.S.A. 40A:10A-1,
et seq.
The Township Clerk shall accept, approve, and file registration
applications.
Registration shall expire on December 31 of each year. Renewals
of existing registrations must be submitted no later than December
1 of each year.
Certificates of insurance in the minimum required amounts, as
described below, shall be submitted to the Township Clerk, together
with the Business Registration Form provided by the Clerk.
a. 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.
b. 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.
As provided by N.J.S.A. 40A:10A-1, et seq., any person or entity
that violates the terms of this chapter shall be subject to a fine
of not less than $500 but no more than $5,000, plus any court costs.