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' 20~ `ACCEPTANCE OF FINAL PAYMENT AS RELEASE '~a 1 The acceptance by the CONTRACTOR of final payment shall be and shall operate as a release to the OWNER of all claims and all liability to the CONTRAC- -"-OR other than claims in stated amounts as may be specifically excepted by the CONTRACTOR for a!1 things done or tarnished in connection with this WORK and for every act and neglect of the OWNER and others elating to ar arising out of this WORK. Any payment. owever. final ar otherwise, shall not release the CONTRACTOR or his sureties from any obligations under the CONTRACT DOCUMENTS or the Perform- ~ance BOND and Payment BONDS. _. Zl. INSURANCE t' 21.1 The CONTRACTOR shall purchase and maintain such insurance as will protect him from claims set forth below which may arise out of or result from the CON- TRACTOR'S execution of the WORK. whether such ex- ecution be by himself or by any SUBCONTRACTOR or by anyone directly or indirectly employed by any of them. or by anyone for whose acts any of them may be liable: 21.1.1 Claims under workmen's compensation. disability benefit and other similar employee benefit acts: 21.1.2 Claims for damages because of bodily injury, occupational sickness or disease. or death of his employees: 21.1.3 Claims [or damages because of bodily in- Jury, sickness or disease, or death of any person other than his employees: 1 21.1.4 Claims for damages insured by usual per- t Banal injury liability coverage which are sustained (1J ~ by env person as a result o[ an offense directly or in- directly related to the employment of such person by the CONTRACTOR, or j2j by any other person: and y~ ~ - 21.1.5 Claims far damages because of injury to or 1 ,.destruction of tangible property, including loss of use resulting therefrom. ~ .!. J 21.2', Certificates of Insurance acceptable to the OWN- ER shall be filed with the OWNER prior to commence- ment of the '.YORK. These Certificates shall contain a provision that coverages afforded under the policies will not 6e cancelled unless at least fifteen f15j days prior WRITTEN NOTICE has been given to the OWN- ER. 21.3 The CONTRACTOR shall procure and maintain, at his own expense, during the CONTRACT Tltv[E, li- ability insurance as hereinafter specified: B 3.1 60YTRAG70R'8 Ganaral Pul}Ila 61a611Ijy oad ~rapeny Bemege Insurance Inclu ing veehlale coverage issued to the CONTRACTOR and protecting him from all claims for personal injury, including death. and all claims for destruction of or damage to property, arising out of or in connection with any operations under the CONTRACT DOCUMENTS. whether such operations be by himself or by any SUBCONTRACTOR tinder him. or anyone directly or indirectly employed by the CONTRACTOR or by a SUBCONTRACTOR under him. Insurance shall ~ be written with a limit o[ liability of not less than 5500.000 for all damages arising out of bodily injury, including death, at any time resulting therefrom. sustained by any one person in any one accident: and a limit of liability of not less than 5300,000 aggregate for any such damages•sustained. by two or more persons in any one accident. Insurance shall be written with a limit of liability of not less than 5200,000 for all property damage sustained by any one person in anv one acci- dent; and a limit of liability of not less than 5200.000 aggregate for any such damage sustained by two or more persons in any one accident. 21.3.2 The CONTRACTOR shall acquire and maintain, iE applicable. Fire and Extended Coverage insurance upon the PROJECT to the full insurable value thereof for the benefit of the OWNER. the CON- TRACTOR. and SUBCONTRACTORS as their interest may appear. This provision shall in no way release the CONTRACTOR or CONTRACTOR'S surety from obli- gations under the CONTRACT. DOCUMENTS to fully complete the PROJECT. 21.4 The CONTRACTOR shall procure and maintain. at his own expense, during the CONTRACT TIME, in accordance with the provisions of the laws of the state in which the work is performed. 6orkmen's Compensation Insurance, including occupational disease provisions, far all of his employees at the site of the PROJECT and in cane anv work is sublet, the CONTRACTOR shall require such SUBCONTRACTOR similarly to provide Workmen's Compensation Insur- ance, including occupational disease provisions for all of the tatter's employees unless such employees are covered by the protection afforded by the CONTRAC- TOR. la case any class of employees engaged in haz- ardous work under this contract at the site of the PROJECT is not protected under Workmen's Compen- sation statute, the CONTRACTOR shall provide, and shall cause each SUBCONTRACTOR to provide, ade- quate and suitable insurance for the protection of his employees not otherwise protected. 21.5 The CONTRACTOR shall secure.-if applicable. "All Risk" type Builder's Risk Insurance for WORK to be performed. Unless specifically authorized by the OWNER, the amount of such insurance shall not be less than the.CONTRACT PRICE totaled in the BID. The policy shall cover not less than the losses duo to Eire, explosion, hail, lightning, vandalism, malicious mischief, wind. collapse, riot. aircraft. and smoke dur- ing the CONTRACT TIME, and until the 6VORK is accepted by the OWNER. The policy shall name as the insured the CONTRACTOR, the ENGINEER, and the OWNER. 8b.4 'Pha A~N`P~AE!°Ptjfi shall daft 1441 days after the receipt of the N OF AWARD furnish the OWNER with a P .manta Bond and a Payment Bond in penal s equal to the amount of the CO\- TRACT P ,conditioned upon the performance by ~7 ~ Ootumam No. tt • . . • r.......t f'nnnlrin,,.• o.,.. 1 ~. e