Workers'
compensation survey results
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 |
