Borough of Park Ridge, NJ Chapter 47 Business Registry

[[1]HISTORY: Adopted by the Mayor and Council of the Borough of Park Ridge 9-27-2022 by Ord. No. 2022-015. Amendments noted where applicable.]

[1] Former Ch. 47, Building Construction, adopted 6-11-1973 as Ord. No. 73-9, was superseded by the enactment of the State Uniform Construction Code Act (N.J.S.A. 52:27D-119 et seq.) and the promulgation of the state building subcode pursuant to that Act. For regulations providing for the enforcement of said Act, see Ch. 50, Construction Codes, Uniform.]

§ 47-1 Liability insurance and annual registration.

A. The owner of a business or the owner of a rental unit or units shall maintain liability insurance for negligent acts and/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 multifamily home which is four or fewer units, one of which is owner-occupied, shall maintain liability insurance for negligent acts and/or 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.

C. The owner of a business, owner of a rental unit or units and the owner of a multifamily home of four or fewer units, one of which is owner-occupied, shall annually register a certificate of insurance with the municipality earlier than February 1 of each year or within 30 days of obtaining ownership of the property.

D. There shall be an annual administrative fee in the amount of $25.

E. Failure to annually register a certificate of insurance on or before February 1 of each year shall result in a fine of $500, which shall be collected through a summary proceeding pursuant to the "Penalty Enforcement Law of 1999," P.L. 1999, c. 274 (N.J.S.A. 2A:58-10 et seq.).