Glossary

Jettison is the intentional throwing overboard of part of the cargo or some piece of the ship in order to save the ship or its cargo. Virtually all ocean marine policies cover the peril of jettison.

Jewelers block insurance is inland marine insurance designed to provide coverage for loss of or damage to jewelry that is the stock of jewelry retailers, wholesalers, manufacturers, and pawnbrokers.

A job safety analysis is a detailed analysis of all the steps integral to a particular task. This process includes listing and categorizing all the hazards to persons and property that might impact each step and detailing all reasonable mechanical, procedural, and managerial safeguards against each hazard. The main goal is to make each task and the overall process subject to appropriate risk control techniques, leading to greater workplace safety.

Joint and several liability is a legal doctrine applying in some states that allows an injured person to sue and recover from any one or more of several wrongdoers at his or her option, regardless of that wrongdoer's degree of negligence. The injured party cannot receive double compensation but can choose to recover 100 percent of a damages award from any defendant who is found liable to any extent.

Joint and survivorship annuity refers to an annuity issued to two or more persons under which annuity payments continue as long as either annuitant lives.

Joint annuity is an annuity issued to two or more persons under which annuity payments cease upon the death of either annuitant.

The Joint Commission on Accreditation of Healthcare Organizations (JCAHO) is a private, nonprofit organization dedicated to improving the quality of care in organized healthcare settings. JCAHO evaluates, accredits, consults, and sets standards for long-term care facilities, ambulatory healthcare organizations, home care agencies, hospices, hospitals, healthcare delivery networks, and organizations offering major mental health services. JCAHO offers accreditation to healthcare organizations throughout the United States, and its standards are recognized as representing the contemporary national consensus on quality patient care.

A joint defense is when the defendants in a particular case resolve to present a "united front" in the eyes of the plaintiff and the jury. In a joint defense, the defendants share a common interest in the legal matter and are typically being accused of similar, if not identical, conduct.

Joint insurance refers to life insurance written covering two or more lives with benefits payable when the first of the covered persons dies. This type of policy is most frequently used for key person insurance to allow a surviving partner to purchase a deceased partner's share of the business.

Joint life and survivor, or second to die, life insurance refers to life insurance coverage for two or more individuals where the death benefit is payable when the last surviving insured dies. Premiums on a joint life and survivor policy are much lower than individual life policies because the period of time before the final benefit payment is longer.