Insurance Terms
Jettison: A voluntary action to rid the ship of cargo in order to prevent further
damage or peril.
Jewelers Block: An all risk Inland Marine form for retail jewelers that covers
the insured’s stock in trade and the property of others, while at the insured’s
premises, in transit and elsewhere.
Judicial Bond And Bonds Required By Courts: See Fiduciary bonds and
Court bonds.
Jones Act (Merchant Marine Act of 1920): Allows seamen a remedy to sue their employer for negligence in the event of injury or illness incurred in service of the vessel.
