Which of the following best describes "owned autos"?

The term "owned autos" refers specifically to vehicles that are titled in the name of a business entity. This classification is important within the context of insurance and liability coverage because it determines which vehicles are encompassed by a company’s liability policies and any related coverages.

When a vehicle is titled to a business, it signifies that the business has ownership responsibilities, including all associated liabilities. This also affects how insurance might cover accidents or damages involving those vehicles. Autos that are leased or those merely used by employees do not fall under the same ownership definition, as they are owned by another party or individual rather than the business itself. Private passenger autos can also fall outside of the specific categorization of "owned autos," as they may not necessarily be linked to the business entity's ownership status.

Understanding the definition of "owned autos" is crucial for proper insurance coverage and compliance within commercial insurance practices.