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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 York State?

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