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Chapter 22
Administration Insurance, Business Licence
INSURANCE ^
It is prudent for any business to purchase insurance. Some types of coverage
are required by law, others simply make good business sense. It is up
to you to make sure you have the adequate and appropriate level of protection.
Liability insurance provides coverage for losses if you cause property
damage or bodily injury to a passenger. The Marine
Liability Act (MLA) covers the liability of marine operators in
relation to passengers, cargo, pollution, and property damage. It applies
to commercial vessels and establishes a maximum liability for operators
of $350,000 per passenger. It also prohibits the use of waivers of liability.
In addition, the MLA establishes provisions for the apportionment of liability
according to the degree of passenger fault or neglect. Regulations necessary
to bring the MLA into force are under discussion. Consult your nearest
Transport Canada Centre for more information.
Many municipalities and provincial governments require adequate insurance
as an integral component of the permitting process. For example, liability
coverage is often a pre-condition to securing a business licence.
BUSINESS LICENSES ^
Licenses and permits give individuals, corporations, and partnerships
the authority to carry on specific business activities. Municipalities
normally require your business to be licensed before operating within
municipal boundaries.
To determine whether you require a business licence, you should contact
the city licensing office or department of your local city hall, territorial,
or provincial government. If it is determined that you require a business
licence for your intended business activities, you will be advised of
the class within which your business falls, as well as the steps required
to obtain the licence. You will also be advised of the applicable licence
fee. Refer to the blue pages of your telephone book for your local municipal
office.
MORE INFORMATION ^
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