Workers' comp survey results by company size
Results may be viewed for companies with less than 200 employees, and companies with more than 200 employees.
Companies with less than 200 employees
Is your company headquartered in New York State?
Yes |
93.8 percent |
228 |
No |
6.2 percent |
15 |
Does your company have offices or facilities in other states?
Yes |
11.5 percent |
28 |
No |
88.5 percent |
216 |
Industry Category
Manufacturing |
21.7 percent |
54 |
Service |
23.7 percent |
59 |
Financial services |
3.2 percent |
8 |
Wholesale/resale trade |
8.8 percent |
22 |
Other |
41.8 percent |
104 |
Does the overall cost of workers' comp affect your business by:
Limiting business growth or expansion?
Yes |
56.2 percent |
128 |
No |
43.8 percent |
104 |
Preventing you from hiring more employees?
Yes |
52.8 percent |
122 |
No |
47.2 percent |
112 |
Requiring you to scale back on other business investments to pay your comp bills?
Yes |
59.1 percent |
135 |
No |
40.9 percent |
96 |
Encouraging you to consider re-locating your business out of New York State?
Yes |
30.4 percent |
66 |
No |
69.6 percent |
155 |
Forcing you to actually leave the state, or expand elsewhere?
Yes |
17 percent |
36 |
No |
83 percent |
179 |
Describe the trend in your workers' comp costs over the past three years.
Gone down significantly |
0.4 percent |
1 |
Gone down somewhat |
11.7 percent |
28 |
Stayed the same |
23.3 percent |
54 |
Gone up somewhat |
34.9 percent |
81 |
Gone up significantly |
29.3 percent |
68 |
Rate how you think New York's workers' comp costs compare to other states in which you do business (if applicable).
New York costs significantly lower |
1 percent |
1 |
New York costs somewhat lower |
3.1 percent |
3 |
New York costs about the same |
2.1 percent |
2 |
New York costs somewhat higher |
22.7 percent |
22 |
New York costs significantly higher |
71.1 percent |
69 |
Companies with more than 200 employees
Is your company headquartered in New YorkState?
Yes |
84.5 percent |
49 |
No |
15.5 percent |
9 |
Does your company have offices or facilities in other states?
Yes |
41.7 percent |
24 |
No |
58.3 |
35 |
Industry Category
Manufacturing |
30.5 percent |
18 |
Service |
13.6 percent |
8 |
Financial services |
3.4 percent |
2 |
Wholesale/resale trade |
3.4 percent |
2 |
Other |
49.1 percent |
29 |
Does the overall cost of workers' comp affect your business by:
Limiting business growth or expansion?
Yes |
67.8 percent |
40 |
No |
32.2 percent |
19 |
Preventing you from hiring more employees?
Yes |
49.2 percent |
29 |
No |
50.8 percent |
30 |
Requiring you to scale back on other business investments to pay your comp bills?
Yes |
61.4 percent |
35 |
No |
38.6 percent |
22 |
Encouraging you to consider re-locating your business out of New York State?
Yes |
39 percent |
23 |
No |
61 percent |
36 |
Forcing you to actually leave the state, or expand elsewhere?
Yes |
26.3 percent |
15 |
No |
73.7 percent |
42 |
Describe the trend in your workers' comp costs over the past three years.
Gone down significantly |
0 percent |
0 |
Gone down somewhat |
7 percent |
4 |
Stayed the same |
7 percent |
4 |
Gone up somewhat |
36.8 percent |
21 |
Gone up significantly |
49.1 percent |
28 |
Rate how you think New York's workers' comp costs compare to other states in which you do business (if applicable).
New York costs significantly lower |
5.3 percent |
2 |
New York costs somewhat lower |
2.6 percent |
1 |
New York costs about the same |
0 percent |
0 |
New York costs somewhat higher |
15.8 percent |
6 |
New York costs significantly higher |
76.3 percent |
29 |