Pioneering Opportunity Fund Insurance Solutions
Lovitt and Touché has developed a cutting-edge solution specifically catered to Opportunity Funds. The Opportunity Zone Insurance Program (OZIP™) is an innovative mechanism to protect an Opportunity Fund’s assets.
OZIP™ capitalizes on our in-house expertise, along with strategic relationships with underwriters in both tax and development insurance.
Understanding Risk Leads to Customized Solutions
Opportunity Funds can bring several risks that lead to a series of issues, including:
- Will the Opportunity Fund structure be respected?
- Will the step-up basis be allowed in full?
- Will the Opportunity Fund’s capital gains deferral integrity be respected?
- Will the nature of a fund’s projects risk their asset test status?
- Will poor claims management with time sensitive issues put a fund asset ratio in jeopardy?
- Will unexpected delays in a project put a fund asset ratio in jeopardy?
- Will an Opportunity Fund be liable for its errors and omissions, including circumstances out of the fund’s control?