Insurance

Spirit of '76, L.L.C. ("Spirit") maintains its own product liability and premises liability insurance through a reputable insurance company. If you are a wholesaler or retailer and require, as a prerequisite to your purchase, that Spirit add you as an additional insured under its policy, we will extend coverage.* However, this requirement will only be met when purchasing both our product and extended services. 

The limits of product liability coverage are $1,000,000.00 per occurrence/$2,000,000.00 products-completed operations aggregate limit.** The limits of premises liability coverage are $1,000,000.00 per occurrence/$5,000,000.00 general aggregate.*** If additional coverage is required as part of your purchase, please contact a Spirit representative at (573) 447-1776.

During the checkout process, you will be given the opportunity to select whether you require Spirit to extend product liability and/or premises liability coverage as a requirement of your purchase.

*Spirit of '76, L.L.C. ("Spirit") reserves the right to determine, in its sole and absolute discretion, whether or not to extend product liability and premises liability insurance coverage to the customer as an additional insured.  If requested by the customer as a required, prerequisite to your purchase, and agreed to by Spirit, additional contractual terms and conditions will apply to your order.

** Products-Completed Operations Aggregate Limit. This aggregate limit is the most the insurer will pay during the policy period for sums as damages because of bodily injury or property damage included within the products-completed operations hazard. As Coverage B-personal and advertising injury claims do not fall within the products-completed operations hazard, this aggregate limit only applies to bodily injury and property damage and then only for claims arising out of specified hazards.

The specified hazards are those described within the definition of products-completed operations hazard and are limited to bodily injury or property damage:

  • That occurs away from the named insured's premises and
  • Arises out of the named insured's products ("your product") that are no longer in the named insured's possession or the named insured's work ("your work") that has been completed.

While the definitions of "your product" and "your work" need to be consulted to fully appreciate what falls within the products-completed operations hazard, the above describes in general terms what types of claims fall within this aggregate limit.

The products-completed operations aggregate limit applies independently of the general aggregate limit. Sums paid under the general aggregate limit do not reduce the products-completed operations aggregate limit and vice versa.

*** The General Aggregate Limit. This aggregate limit is the most the insurer will pay for all sums as damages because of bodily injury, property damage, personal and advertising injury except for those sums paid as damages because of bodily injury or property damage included within the products-completed operations hazard. The products-completed operations hazard is defined in the policy and a separate aggregate limit applies to such claims or suits.