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A it A� ment or relocation of such reference pomis by professionally qualified personnel. ARTICLE 5—BONDS AND INSURANCE: Performance and Other Bonds: 5.1 CONTRACTOR shall furnish performance and pay- ment Bonds, eac., in an amount at least equal to the Contract Price as security for the faithful performance and payment of all CONTRACTOR'% obligations under the Contract Docu- ments. These Bonds shall remain in effect at least until one year after the date of final payment, except as otherwise pro- vided by law. CONTRACTOR shall also furnish such other Bonds as are required by the Supplementary Cons ins. All Bonds shall be in the forms prescribed by the bic: docu- ments or Supplementary Conditions and he executed by such Sureties as tit are licensed to conduct business in the state where the Project is located, and fill are named in the current list of "Companies Holding Certificate% of Authority as Acceptable Sureties on Federal Bonds and as Acceptable Reinsuring Companies" as published in Circular 570 (amended) by the Audit Staff Bureau of Accounts, U.S. Treasury Department. All Bonds signed by an agent must be accompanied by a certified copy of the authority to act. s Z. If the Surety on any Bond furnished by CONTRAC- TOR is declared a bankrupt or becomes insolvent or its right to do business r terminated in any state where anv part of the Project is located or it ceases to meet the requirements of clauses 10 and (it) of paragraph 5.1, CONTRACTOR shall within five day% thereafter substitute another Bond and Surety, both of which shall he acceptable to OW NE R Conrractor's Liability Insurance: 5 1 CONTRACTOR shall purchase and maintain such comprehensive general liability and other insurance as will provide protection from claims set forth below which ma% arise out of or result from CONTRACTOR's performance of the Wr-:. and CONTRACTOR's other obligations under the Contract Documents, whether such performance is by CON- TRAC TOR, h% an S bcontractor. by anyone directly or in- directly employed by any of them, or by anyone for whose ,tots an of them may be liable. 5.3.1. Claims under workers' or workmen's compen- sation, disability benefits and other similar employee benefit acts; s 1 2 Claim% for damages because of hodil% :niury occupational Nick tie%, or disease. it death of (-()'-TR At TOR's rmplovee, . %.1 3 Claims for damages becaust of bodily iatur%. sickness or disease, or death of any person other than CONTRACTOR'% employees: 5.3.4. Claims for damages :n%ured by personal iniur% liability coverage which are sustained i i I h% am person ,s a result of an offense directly or indirectly related to the employment of such person by CONTRACTOR. or fii) by any other person for any other reason; 5.3.5. Claims fo- damage%. ether than to the Work it- self, because of injury to or destruction of tangible prop- erty, ncluding loss of use resulting -herefrom; and 5.3 is Claims for damages because of hodily in)ur% or death of an person or property damage arising out of the ownership, maintenance or use o f any motor vehicle. The insurance required by this paragraph 5.1 shall include the specific co%erage%and be written for not less than the limits of liability and coverages provided in the Supplementary Condi- tions, or required by law, whichever is greater The com- prehenstve general habilit} insurance 'tall include completed operation insurance. All such insurance shall contain a provi- sion that the coverage afforded will not be cancelled, materially changed or renewal refused until at least thirty days' prior written notice has been given to OWNER and ENGINEER. All such insurance shall remain in effect until final payment and at all times thereafter when CON- TRACTOR may be correcting, removing or replacing defec- tive Work in accordance with paragraph 13.12. In addition. CONTRACTOR shall maintain such completed operations insurance for at least two years after final payment and furnish OWNER with evidence of continuation ct such :nsur- ance at final payment and one year (hereafter Contractual Ltabiliry Insurance: 5.4. The comprehensi%� generai liability insurance required by paragraph 5.3 will include contractual liability insurance applicable to CONTRACTOR's obligations under paragraphs h 10 and h.31. nwner's Liabdhrv, Insurance: s s OWNER shall be responsible for purchasing and maintaining his own liability insurance and, at hr option. mac purchase and maintain such insurance as wilt protect OWNER against claims which may arise froin operations under the Contrast Documents Profierty Insurance. A h l nless otherwise ^ro%ide! in he Supplemcniar% Conditions, OWNER shall purchase and maintain properiv insurance upon (he Work at the site to the full insurable value thereof 1%ubtect to such deductible amounts as may be pro- %ided in the Supplcmentary Condition or required by lawi This m%urance shall include the interest% of OWNER. CON- TRACTOR and Subcontractors in the Work. shall insure against the perils of fire and extended oserage and shall ridude "all risk'' insurance for pt„%ical loss and damage including theft, %andah%m and malicious mischief, collapse and •Rater damage, and such other perils as may he provided .it the 5upplementan Conditions and hall include damages. ios es and expenses arising out if or resulting from any n%tired loss or incurred in the rfpair or replacement of an insur,-d properi% tin%tuding tee% and ch itees of engineers,