Janover’s New Insurtech Platform Launches D&O Liability Insurance for Publicly Traded Companies
July 09 2024 - 3:30PM
Janover Inc. (Nasdaq: JNVR) (“Janover” or the
“Company”), an AI-enabled platform for commercial real estate
transactions, today announced that Janover Insurance Group
(“Janover Insurance”), its insurtech subsidiary for commercial
property insurance and more, has started offering directors and
officers (D&O) liability insurance for publicly traded
companies. D&O liability insurance is designed to protect the
company’s board of directors and executive officers from personal
losses if they are named in a lawsuit as a result of serving as a
director or officer of a business or other type of organization. It
can also cover the legal fees and other costs the organization may
incur as a result of such a lawsuit.
Blake Janover, CEO of Janover, stated, “We are
excited to offer D&O insurance on our platform, building on our
successful track record in solving difficult problems in complex
markets. We believe we can leverage our expertise in building
marketplaces and solving similar problem sets and apply it to
D&O; a corner of the industry that is sorely underserved and
perhaps more than occasionally overpriced.”
The introduction of D&O liability insurance
marks a significant expansion of Janover Insurance’s service
offerings. This move aligns with Janover Insurance’s strategic
vision of becoming a one-stop-shop for all commercial real estate
and business insurance needs. By broadening our portfolio, Janover
Insurance aims to attract a wider range of clients and enhance the
Company’s market position.
Blake Janover added, “As we continue to grow and
diversify our services, our primary goal remains to delight our
clients with world class products they need, while transitioning to
recurring and subscription revenues. The launch of our D&O
liability insurance offering through our agency is a testament to
our dedication to meeting the evolving needs of the market and
providing unmatched value to our clients.”
About Janover Inc.
Janover is an AI-enabled platform for commercial
real estate transactions. The Company seeks to revolutionize the
commercial real estate lending market by making it hyper-efficient,
transparent, and accessible to all rather than the few. Through the
Company’s online platform, it provides technology that connects
commercial mortgage borrowers looking for capital to refinance,
build, or purchase commercial property, including, but not limited
to, apartment buildings, to commercial property lenders. Borrowers
include, but are not limited to, owners, operators, and developers
of commercial real estate including multifamily properties and most
recently, a growing segment of small business owners, which Janover
believes represents a significant growth opportunity. Lenders
include small banks, credit unions, REITs, Fannie Mae® and Freddie
Mac® multifamily lenders, FHA® multifamily lenders, debt funds,
CMBS lenders, SBA lenders, and more. Additional information about
the Company is available at: https://janover.co/.
To view the latest investor presentation, please
visit https://ir.janover.co/.
Forward-Looking Statements
This release contains “forward-looking
statements” within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words such as:
“anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,”
“expect,” strategy,” “future,” “likely,” “may,”, “should,” “will”
and similar references to future periods. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of our
control. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Our actual results
and financial condition may differ materially from those indicated
in the forward-looking statements. Therefore, you should
not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in
the forward-looking statements include, among
others, the following: (i) the effect of and uncertainties related
the ongoing volatility in interest rates; (ii) our
ability to achieve and maintain profitability in the future; (iii)
the impact on our business of the regulatory environment and
complexities with compliance related to such environment; (iv) our
ability to respond to general economic conditions; (v) our ability
to manage our growth effectively and our expectations regarding the
development and expansion of our business; (vi) our ability to
access sources of capital, including debt financing and other
sources of capital to finance operations and growth and other
risks and uncertainties more fully in the section captioned "Risk
Factors" in the Company’s Registration Statement on Form S-1
related to the public offering (SEC File No. File No. 333-267907)
and other reports we file with the SEC. As a result of these
matters, changes in facts, assumptions not being realized or other
circumstances, the Company's actual results may differ materially
from the expected results discussed in the forward-looking
statements contained in this press release. Forward-looking
statements contained in this announcement are made as of this date,
and the Company undertakes no duty to update such information
except as required under applicable law.
Contact:Crescendo Communications, LLCTel:
212-671-1020Email: jnvr@crescendo-ir.com
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