The federal government has set new regulations that make passenger liability insurance mandatory among marine passenger vessels.
Minister of Transport Marc Garneau has announced that under the new rules – which make liability insurance mandatory under the Marine Liability Act – Canadian passenger vessel operators must carry a minimum of $250,000 in liability insurance for every passenger on board.
The new regulations will come into force January 11, 2019, a release said.
Once the regulation is in force, vessel operators who lack liability insurance could have their vessels detained and be fined up to $100,000.
“While transportation in Canada is among the safest and most secure in the world, Canadians need to know they will be supported in the event of a marine accident,” said Garneau during the announcement of the new rules. “With these new regulations, our government is ensuring peace of mind for passengers and their families.”
