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). 

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.

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.

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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