Its an accident, its a company car, its insured, and no you shouldn't really have to pay. If your boss has a large excess, thats his problem and not yours.
I believe, unless you've got very screwy T&Cs, he can't make you pay for it. If you do and he does, tell everyone who has one (and watch as your company gets all its cars back).
In our terms of employment it states that you 'may' be liable for the insurance excess in the event of an own-fault accident. In practice this is only enforced in really obvious cases of pig ignorant idiotism, and for genuine mistakes, or first offences no-one ends up paying it.
The excess is paid out of each branches profits and as a result has a knock on effect on managements bonuses. Suffice to say you will not be a popular van driver if you crash one of my vehicles..
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