What’s the big deal about the JISO/ACORD Jewelry Insurance Standards?
Every industry has its own organizations, certifying bodies, membership criteria, and other distinguishing features for professional recognition. As you know, the jewelry industry has no single organization that sets appraisal standards. Rather, there are a number of different associations and certification organizations within the jewelry industry, each with its own standards. Some standards are more complete than others, and the differences between them can be confusing. In the insurance industry, ACORD is the organization that describes, publishes, regulates, and maintains the standards that apply to hundreds of procedures, issues, and technical details that agents and insurance companies adhere to. If something conforms to the ACORD Standard, agents and companies can rely on it with confidence. The Jewelry Insurance Standards, established by ACORD and now supported through JISO, are standards that insurance professionals rely on when underwriting and insuring jewelry. A JISO/ACORD
