Jones provides a risk management platform that enables real estate and construction companies to eliminate insurance liabilities associated with their properties and projects. By utilizing data analytics and risk assessment tools, Jones enhances financial predictability and operational security in a sector often plagued by unpredictable insurance costs.
Funding
$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
NFounders
Product
Problem
Real estate and construction companies face challenges in managing insurance compliance, leading to unpredictable insurance costs, potential liabilities, and operational inefficiencies. Manual certificate of insurance (COI) tracking is time-consuming, prone to errors, and often results in delayed projects and increased risk exposure.
Solution
Jones offers a risk management platform that automates insurance compliance for real estate and construction companies, reducing insurance risk across properties, projects, and applications. The platform provides end-to-end compliance management, including automated COI collection, AI-powered auditing, and gap resolution. Jones integrates with existing construction and property management software like Procore, MRI, and CMiC, streamlining workflows and improving data visibility. The Jones Network provides access to a vast database of pre-populated insurance certificates and vendor contacts, enabling faster vendor vetting and improved compliance rates.
Target Audience
Jones primarily serves property management companies, real estate owners/asset managers, and general contractors seeking to streamline insurance compliance, reduce risk, and improve operational efficiency.
Features
- Automated COI collection with an average 90% collection rate
- AI-powered COI auditing with 99.9% accuracy and < 24-hour SLA
- Automated gap resolution and compliance analytics
- Integration with Procore, MRI Software, and CMiC for seamless data exchange
- Access to The Jones Network with over 30,000 pre-populated vendor insurance profiles
- Vendor pre-qualification based on predicted compliance status
- Real-time compliance status monitoring and reporting
- Custom requirement extraction from contracts
- Auto-renewal notifications for expiring COIs
- Secure document storage and management