The contractor shall assume all responsibility and liability for damages to persons or property that may accrue during the operation of any of contractor's vehicles on the parkway through the negligence of itself, its agent, employees, or from any other cause, and agrees to hold harmless the State of New York, the parkway authority or other authority under whose jurisdiction the parkway lies, and the employees of these agencies. For such purposes, the contractor shall obtain and maintain, at contractor's own cost and expense, for the term of the contract, protective liability insurance in accordance with the following minimum requirements:

This insurance is to protect the People of the State of New York, or other jurisdiction, the Commissioner of Transportation, and all employees of the named insured. There shall be no coinsured parties covered by this policy. The policy shall cover liability of the named insured for damages for any actions or action resulting from the use of this contract, including omissions and supervisory actions of the State. The subscribing company shall agree that no policy insured shall be changed or cancelled until 30 days' notice has been given to the Department of Transportation and to the parkway authority or other jurisdiction over the parkway.