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OZIP™, Opportunity Zone Insurance Program
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OZIP™, Opportunity Zone Insurance Program

It’s only an opportunity if you manage the risk.

The Tax Cuts and Jobs Act (TCJA) of 2017 created the Opportunity Zones provision to encourage investment in economically distressed communities. The program provides preferential capital gains treatment for investments within designated low-income census tracts. In order to qualify for these benefits,investors must reinvest one or more capital gains in a Qualified Opportunity Fund (QOF).

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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?
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Statistical Modeling

An algorithm creates a recommendation considering:
  • Types of plans that match people's specific needs and wants
  • A cost that balances premiums with expected out-of-pocket expenses
  • A match to physician network preferences and overall desires and concerns

Plan Recommendations

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HDHP Health Plan
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We can Help you save money and manage risk

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Identifying Challenges Creates Inventive Solutions

Our OZIP™ team provides a holistic approach to the traditional model for insurance. We emphasize a strategy from the very beginning in order to positively differentiate a fund from its contemporaries.

Our program will not only give peace of mind to current investors, but enable a valuable recruiting tool for potential investors. An Opportunity Fund with an OZIP™ will secure itself through an innovative hedge against potential errors and omissions.  

Many underwriters are looking at Opportunity Funds as low-income census tracks. With decades of experience working with insurers and underwriters, we work diligently to accurately and comprehensively frame each specific Opportunity Fund. Our goal is to put its benefits and risks into greater context and provide underwriters with a comprehensive snapshot detailing the investment, risk mitigation strategies and potential outcomes.

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Experienced Partners Ready to Guide You

We’re no strangers to helping clients navigate complex world of project insurance. OZIP™ capitalizes on our in-house expertise, along with strategic relationships with underwriters in both tax and development insurance.

Our experience in insuring large construction projects spans:

  • Hospitals
  • Casinos
  • Condominiums
  • Apartments
  • Master plan communities
  • Hotels
  • Industrial facilities

We encourage you to see how our OZIP™ team can set your Qualified Opportunity Fund apart.

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DISCLAIMER: Statements on this website as to policies and coverages provide general information only. This information is not an offer to sell insurance. Insurance coverage cannot be bound, deleted or modified via submission of any online contact/form/application or via email, voicemail or facsimile. No binder, insurance policy, change, addition, and/or deletion to insurance coverage goes into effect unless and until confirmed directly by a licensed agent of Lovitt & Touché. Any proposal of insurance we may present to you will be based upon the information you provide to us. Please contact our office to discuss specific coverage details and your insurance needs. All coverages are subject to the terms, conditions and exclusions of the actual policy issued. Not all policies or coverages are available in every state. Information provided on this website does not constitute professional advice; if you have legal, tax or financial planning questions, you should contact an appropriate professional in your jurisdiction. Any hypertext links to other websites are provided for convenience only; we have no control over those websites and do not endorse or guarantee any information provided thereby.