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necessary to protect the State against loss because of outstanding liens or claims of former lien holders
<br />and to reimburse the State for the excess costs incurred in procuring similar goods or services. Any action
<br />taken by the State hereunder or pursuant to paragraph 15 shall not be cause for Contractor to terminate
<br />this Contract for default or material breach. If, after termination by the State, it is determined for any reason
<br />that Contractor was not in default or that Contractor's action/inaction was excusable, such termination shall
<br />be treated as a termination for convenience and the rights and obligations of the parties shall be the same
<br />as if this contract had been terminated for convenience, as described herein.
<br />22. Insurance
<br />22.1 The Contractor shall obtain, and maintain at all times during the term of this agreement, insurance in
<br />the following kinds and amounts:
<br />a. Worker's Compensation Insurance as required by state statute, and Employer's Liability Insurance
<br />covering all of the Contractor's employees acting within the course and scope of their
<br />employment.
<br />b. Commercial General Liability Insurance written on ISO occurrence form CG 00 01 10/93 or
<br />equivalent, covering premises operations, fire damage, independent contractors, products and
<br />completed operations, blanket contractual liability, personal injury, and advertising liability with
<br />minimum limits as follows:
<br />i. $1,000,000 each occurrence; �
<br />ii. $1,000,000 general aggregate;
<br />iii. $1,000,000 products and completed operations aggregate; and
<br />iv. $50,000 any one fire.
<br />If � aggregate limit is reduced below $1,000,000 because of claims made or paid, the contractor
<br />shall immediately obtain additional insurance to restore the full aggregate limit and furnish to the
<br />State a certificate or other document satisfactory to the State showing compliance with this provision.
<br />c. Automobile Liability Insurance covering any auto (including owned, hired and non-owned autos)
<br />with a minimum limit as follows: $1,000,000 each accident combined single limit.
<br />22.2 The State of Colorado shall be named as additional insured on the Commercial General Liability and
<br />Automobile Liability Insurance policies (leases and construction contracts will require the additional
<br />insured coverage for completed operations on endorsements CG 2010 11/85, CG 2037, or
<br />equivalent). Coverage required of the contract will be primary over any insurance or self-insurance
<br />program carried by the State of Colorado.
<br />22.3 The Contractor will require all insurance policies in any way related to the contract and secured and
<br />maintained by the Contractor to include clauses stating that each carrier will waive all rights of
<br />recovery, under subrogation or otherwise, against the State of Colorado, its agencies, institutions,
<br />organizations, officers, agents, employees and volunteers.
<br />22.4 All policies evidencing the insurance coverages required hereunder shall be issued by insurance
<br />companies satisfactory to the State.
<br />22.5 The Contractor shall provide certificates showing insurance coverage required by this contract to the
<br />State within 7 business days of the effective date of the contract, but in no event later than the
<br />commencement of the services under the contract. No later than 15 days prior to the expiration date
<br />of any such coverage, the contractor shall deliver the State certificates of insurance evidencing
<br />renewals thereof. At any time during the term of this contract, the State may request in writing, and
<br />the contractor shall thereupon within 10 days supply to the State, evidence satisfactory to the State of
<br />compliance with the provisions of this section.
<br />22.6 Notwithstanding subsection (a) of this section, if the Contractor is a"public entity" within the meaning
<br />of the Colorado Governmental Immunity Act, CRS 24-10-101, et sep•, as amended ("AcY'), the
<br />contractor shall at all times during the term of this contract maintain only such liability insurance, by
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