Senate Commerce Committee Statement to Senate No. 1368, New Jersey (March 14, 2022)

Summary

A Senate Commerce Committee statement of the State of New Jersey, dated March 14, 2022, reporting Senate Bill No. 1368 favorably. The bill requires the owner of a business or of a rental unit or units to maintain a liability insurance policy, such as commercial general liability, personal liability or an umbrella policy, for negligent acts in an amount of no less than $500,000 for combined property damage and bodily injury or death of one or more persons in any one accident or occurrence.

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     SENATE COMMERCE COMMITTEE

                    STATEMENT TO

                  SENATE, No. 1368


 STATE OF NEW JERSEY
                    DATED: MARCH 14, 2022

   The Senate Commerce Committee reports favorably Senate Bill
No. 1368.
   This bill requires the owner of a business or the owner of a rental
unit or units to maintain a liability insurance policy, including, but
not limited to, commercial general liability insurance, personal
liability, or an umbrella insurance policy for negligent acts 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.
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