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Workers' compensation survey results

Survey results may also be viewed by region, company size, or industry

Is your company headquartered in New York State?

Yes

93 percent

278

No

7 percent

21

Does your company have offices or facilities in other states?

Yes

18.5 percent

53

No

81.5 percent

202

Number of New York State employees

0-50 employees

60.5 percent

182

51-200 employees

20.3 percent

61

201-500 employees

7.6 percent

23

501-1000 employees

5.0 percent

15

1000 plus employees

6.6 percent

20

Industry Category 

Manufacturing

22.4 percent

68

Service

23.3 percent

70

Financial services

4.9 percent

12

Wholesale/resale trade

8.3 percent

24

Other

41.1 percent

122

Overall, how much did your company spend on workers’ compensation costs in New York in 2003?

Under $10,000

40.2 percent

113

Between $10,000 and $50,000

22.4 percent

63

Between $50,000 and $100,000

6.8 percent

19

Between $100,000 and $500,000

19.2 percent

54

Between $500,000 and $1,000,000

6 percent

17

More than $1,000,000

5.4 percent

15

What percentage of your overall 2003 payroll went to workers’ comp costs?

Less than one percent

16.2 percent

42

Between one percent and three percent

25.1 percent

65

Between three percent and five percent

18.9 percent

49

Between five percent and eight percent

18.1 percent

47

Between eight percent and 10 percent

5.9 percent

13

More than 10 percent

15.8 percent

41

Does the overall cost of workers’ comp affect your business by:      

Limiting business growth or expansion?

Yes

58.8 percent

170

No

41.2 percent

119

Preventing you from hiring more employees?

Yes

51.9 percent

150

No

48.1 percent

139

Requiring you to scale back on other business investments to pay your comp bills?

Yes

58.2 percent

166

No

41.8 percent

119

Encouraging you to consider re-locating your business out of New York State?

Yes

33.5 percent

93

No

66.5 percent

185

Forcing you to actually leave the state, or expand elsewhere?

Yes

19.4 percent

52

No

80.6 percent

216

Describe the trend in your workers’ comp costs over the past three years.

Gone down significantly

0.3 percent

1

Gone down somewhat

11.2 percent

32

Stayed the same

16.4 percent

47

Gone up somewhat

36.4 percent

104

Gone up significantly

35.7 percent

102

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

2.1 percent

3

New York costs somewhat lower

2.9 percent

4

New York costs about the same

1.3 percent

3

New York costs somewhat higher

20.8 percent

28

New York costs significantly higher

72.9 percent

102