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Posted on: February 15, 2023

Business & Rental Owners Required to Register Insurance Coverage

Please see the paragraphs below, and if this affects you, please visit the Maurice River Township construction office with a copy of insurance, that will be placed on file.

N.J.S.A 40A:10A-1 establishes who is required to maintain liability insurance for negligent acts and omissions, listed below; 

a. Except as provided in subsection b. 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.

 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. 

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