As a business owner/operator it is your responsibility to ensure you purchase the appropriate amount of insurance and are following regulations that pertain to your business.
Transport Canada has issued a new regulation for compulsory insurance for ships carrying passengers effective January 11, 2019. A minimum of $250,000 of liability insurance coverage, multiplied by the passenger capacity is how much insurance you will need if this regulation applies to you.
There is more detailed information and definitions contained in the Ship Safety Bulletin.
Who does this apply to?
If you operate commercial or public purpose ships that carry passengers from one place in Canada to the same or another place in Canada, either directly or by way of a place outside Canada, you must comply with the Regulations.
The Regulations do not apply to:
- adventure tourism, as defined in subsection 37.1(1) of the Marine Liability Act
- the carriage of a sail trainee
- an international carriage
- a carriage by pleasure craft, as defined in section 2 of the Canada Shipping Act, 2001
- search and rescue operations carried out by the Canadian Coast Guard Auxiliary
- the Government of Canada or the government of a province (because they are self-insured), or an entity entitled to indemnification by that government