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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 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