What is the cost of workers comp in NY?

Could you please elaborate on the cost of workers' compensation insurance in New York? Are there any specific factors that influence the premium rates, such as the industry, number of employees, or claims history? Additionally, how often do these rates change, and what steps can businesses take to minimize their costs while ensuring compliance with the state's regulations? Understanding the intricacies of workers' compensation insurance in NY would be highly beneficial for businesses operating within the state.