1. An apparatus to rate and price business insurance policies, comprising: a communication device to receive information associated with a business to be insured; a processor coupled to the communication device; and a storage device in communication with said processor and storing instructions adapted to be executed by said processor to: receive a quote request associated with a business, the quote request specifying a business type and a business location; identifying at least first applicable coverage; based on said at least first applicable coverage, identifying at least a first relevant coverage formula including at least a first territory factor, said at least first territory factor based on a geographical location of said business within a State; query a rating database using said at least first relevant coverage formula, said business type and said business location, said query resulting in at least a first price for said at least first applicable coverage; and transmit a response to said quote request, said response including said at least first price and said at least first applicable coverage.