Friday, 14 December 2018 13:40

Marine passenger liability limits increase

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The Government of Canada has introduced new regulations that require Canadian passenger vessel operators to carry a minimum of $250,000 in liability insurance for every passenger on board. This will ensure that all passengers and their families receive fair compensation in the event of injury or fatality in a marine accident, while protecting vessel operators against catastrophic losses and possible civil actions from passengers. Most vessel operators already carry this level of insurance; however, the new regulations make liability insurance mandatory under the Marine Liability Act for passenger vessels. The new regulations will come into force on January 11, 2019. Once the regulations are in place, vessel operators who do not have liability insurance could have their vessel detained and face fines of up to $100,000.

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