N.Y. Comp. Codes R. & Regs. tit. 17, § 185.9 – Insurance.

(a) 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. 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:

	Minimum amount
Bodily damages (including death), each occurrence	$500,000
Property damage, each accident (includes provision for vehicles in tow and in tower's possession after towing)	$100,000
Aggregate	$500,000

(b) As evidence that the required insurance has been obtained, the department requires the contractor to furnish a certificate of insurance in a form satisfactory to the department. The contractor will complete FORM C218 and insure that it is on file in the department's Albany, NY central office within 10 calendar days of receipt by the contractor of an approved contract. The State shall be the SOLE named insured on the policy.
(c) This insurance is to protect the People of the State of New York, 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 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. Failure to maintain proper insurance on file with the department will result in immediate suspension or termination.