Agmt 2002 State Boating and Waterways

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amity of San Leandro Marina 01-214-508 20. INSURANCE The removal, storage and disposal of vessels under this Agreement is a hazardous activity. Contractor therefore must maintain commercial general liability insurance in an amount and of a type acceptable to DBW and to the Department of General Services / Office of Risk and Insurance Management (GRIM). Contractor must furnish a certificate of insurance to DBW stating the following: A. Contractor currently carries commercial general liability insurance of not less than $1,000,000 per occurrence for bodily injury and property damage combined {or more specific and greater coverage]. B. The hazardous activities to be performed under this Agreement are covered under Contractor's insurance. C. The insurer shall not cancel Contractor's coverage without 30 days prior written notice to DBW. D. The State of California, its officers, agents, employees, and servants are included as additional insures with respect to the work performed for DBW under this Agreement. If Contractor is self-insured, Contractor must provide DBW written explanation of the self-insurance program, which must be approved by ORIM. Contractor warrants that its liability insurance shall be in effect at all times during the term of this contract. In the event Contractor's insurance coverage expires at any time during the term of this Agreement, Contractor agrees to provide, at least 30 days before said expiration date, a new certificate of insurance evidencing insurance coverage as provided for herein and for not less than the remainder of the term of the contract or for a period of not less than one year. New certificates of insurance are subject to the approval of the Department of General Services. Contractor agrees that no work or services shall be performed prior to such approval. If Contractor fails to keep the required insurance in effect at all times during the term of this contract, DBW may, in addition to other remedies it may have, terminate this contract upon two days written notice. 21. TERMINATION DBW may terminate this Agreement for any reason upon thirty (30) days written notice to Contractor. Further, DBW may, by two-day written notice to Contractor and without any prejudice to its other remedies. terminate this contract because of the failure of Contractor to fulfill its contract obligations. Upon receipt of any notice terminating this Agreement, Contractor shall immediately discontinue all removal and disposal activities affected, unless the notice directs otherwise. In such event. DBW shall pay Contractor only for removal and disposal activities completed prior to the termination date. Contractor shall promptly return all advanced funds. At DBW's sole discretion, DBW may offer an opportunity to cure any breach prior to terminating for default.