Home

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