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furnish the Owner documentary evidence showing the materials used and sales and use tax paid by <br /> the Contractor and each of its subcontractors. <br /> 5. INSURANCE <br /> a. Minimum requirements — The Contractor shall obtain, at its sole expense, all insurance required <br /> under this Agreement and the Contractor shall not commence work until such insurance is in force <br /> nor shall the Contractor allow any Subcontractor to commence work on its subcontract until all <br /> insurance required to be procured by Subcontractors hereunder has been so obtained by or for the <br /> Subcontractor. All required insurance shall be procured from insurance companies licensed to do <br /> business in North Carolina with a Bests Insurance Guide Rating of A-or better. Coverage for the <br /> following types of insurance shall be maintained continuously during the life of the Project until <br /> Final Completion of the Work. Coverages shall be maintained continuously during the life of the <br /> Project until Final Completion of the Work for the following types of insurance in the amounts <br /> listed: <br /> i. Worker's Compensation Insurance with limits for Coverage A Statutory - State of North <br /> Carolina and Coverage B Employers Liability$500,000 each accident and policy limit and <br /> disease each employee. <br /> ii. Comprehensive General. Liability and Property Damage Insurance ($500,000 Each <br /> Occurrence;$1,000,000 Aggregate). <br /> iii. Contractual Liability (Bodily Injury and Property Damage $500,000 Each Occurrence; <br /> Property Damage$1,000,000 Aggregate). <br /> iv. Personal Injury,with Employment Exclusion deleted($1,000,000 Aggregate). <br /> v. Comprehensive Automobile Liability Insurance (Bodily Injury $100,000 Each <br /> Person/Each Accident, $300,000 Each Occurrence; Property Damage $100,000 Each <br /> Occurrence). <br /> b. Additional Insured —The Owner .shall be named as additional insured on all forms of insurance <br /> except. Worker's Compensation. Each certificate of insurance and policy required hereunder, <br /> except the worker's compensation policy, shall bear the provision that "The policy cannot be <br /> canceled or reduced in amount and that coverage cannot be eliminated in less than thirty(30)days <br /> after mailing written notice to the Owner of such alteration,cancellation,or elimination,the written <br /> notice to be sent by Certified Mail. <br /> c. Performance Bonds — Contractor shall furnish bonds covering the faithful perforniance of the <br /> Contract and payment of all obligations arising under any of the Contract Documents or related in <br /> any way to the Work. Contractor shall immediately furnish a copy of such bonds to any requesting <br /> person who appears to be a potential beneficiary of bonds covering payment obligations arising <br /> under any of the Contract Documents. This subsection 6(c) applies only to Contracts of fifty <br /> thousand dollars($50,000.00)or more where the total cost for the project is three hundred thousand <br /> dollars($300,000.00)or more. <br /> 6. INDEMNITY <br /> a. The Contractor shall indemnify and hold harmless to the extent permitted by law the Owner and its <br /> agents and employees from and against any and all claims, damages, losses and expenses, <br /> including attorney's fees,arising out of or resulting from the performance or nonperformance of the <br /> Work, provided that any such claim,damages, loss or expanse(A)is attributable to bodily injury, <br /> sickness, disease or death or injury to, or destruction of, property, including the loss of use <br /> resulting therefrom; and (B) is caused in whole or in part by any breach of any provision of the <br /> Agreement or by any negligent or wrongful act or omission of the Contractor, any Subcontractor, <br /> Revised October 2011 3 <br />