01
Sub-15-Minute Clearance SLA
Qualified submissions receive market clearance, a preliminary indication, or a documented declination within 15 minutes of desk review.
Charter 1 Allocation | NY/NJ Region: Checking allocation
Founding Agency Benefit: $350 Standard Commercial Fee Lock
Automated $350 Admitted clearances$20k+ Minimum Target Premium for complex E&S / Labor Law
The Sub-15-Minute Clearance Engine for NY/NJ Commercial E&S
Designed for licensed commercial brokers placing complex E&S property, CRE conversions, and high-hazard construction. Qualified submissions receive market clearance, a preliminary indication, or a documented declination within 15 minutes of desk review. To maintain underwriting throughput and turnaround targets, access is limited to 50 Charter 1 Agencies (Max 5 producer seats per agency). Charter 1's NY/NJ allocation accounts for 10 of those 50 agency places.
Underwriting Desk / Clearance QueueIllustrative
Median clearance
11m 24s
Under 15 min
100%
Open files
6
SC-4417Manhattan GC — facade restorationCleared09:41
SC-4416Brooklyn CRE conversion — 40 unitsOut to market02:18
SC-4415Hudson County excavation — 60 ftBound00:52
SC-4414Queens scaffold — 12 storiesDeclined00:31
Statutory disclosures attached automaticallyIllustrative preview
Live Clearance SLA · last 90 days
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02
100% Commission Pass-Through
Retain 100% of the carrier commission recorded per file. Zero traditional wholesale splits or commission haircuts.
03
Statutory & ELANY Compliance Engine
ELANY 45-day filing clocks, Section 2118 declination records, and itemized Notice of Excess Line Placement documentation on every file.
04
Native PFA Integration
Itemized execution fees ($350 standard, $3,500 specialty) are fully financeable alongside gross premium and statutory taxes, with zero point-of-sale friction.
Specialty E&S Economics
A Flat, Itemized Fee — Never Buried in Premium
The StrataCover Execution Fee is its own line on the quote, the invoice and the Notice of Excess Line Placement. It does not grow with premium.
| Premium | StrataCover fee | Traditional wholesaler share* |
|---|---|---|
| $100,000 | $3,500itemized | $5,000embedded in rate |
| $500,000 | $3,500itemized | $25,000embedded in rate |
| $1,000,000 | $3,500itemized | $50,000embedded in rate |
*Illustrative: 10% commission, 50/50 split.
Itemized on the binder and financeable alongside premium and statutory taxes — $103,500 total on a $100,000 file. Your agency retains full commission without wholesale haircuts.
Applies to Specialty E&S, NY Labor Law & Cyber · Standard commercial files: $350 flat fee
Backed by A.M. Best “A” Rated E&S Capacity