Jones
About Jones
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.
```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> <revenue_model> Jones uses a fixed-rate pricing model based on asset types and portfolio size for real estate, and project and subcontractor volume for construction, with additional costs for API integrations and product add-ons. </revenue_model> ```
What does Jones do?
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.
Where is Jones located?
Jones is based in City of New York, United States.
When was Jones founded?
Jones was founded in 2017.
How much funding has Jones raised?
Jones has raised 15000000.
- Location
- City of New York, United States
- Founded
- 2017
- Funding
- 15000000
- Employees
- 178 employees
- Major Investors
- NewSpring