Industry Outlook > Mandatory insurance for ships carrying passengers
On December 12, the Government of Canada issued a new regulation requiring operators of Canadian passenger vessels to carry civil liability insurance against death or bodily injury. The minimum coverage amount is $250,000 for each passenger on board.
Most operators already have similar coverage; however, the new regulation will make liability insurance mandatory for passenger vessels under the Marine Liability Act.
For further information, please read the press release.
For obtain a copy of the sample insurance certificate, please send an email to marinesafety-securitemaritime@tc.gc.ca.