Do you have to tell your insurance policy that were involved in an accident with a company car even though it was not fault?

It is generally advisable to inform your insurance company about any incident, even if you were not at fault, as it can have potential implications. Here's why you should consider reporting the accident to your insurance provider:

1.Documentation: Reporting the accident to your insurance company creates an official record of the incident. This documentation can be valuable in case the other party's insurance company disputes your version of events or if there are any legal proceedings in the future.

2.Duty to Inform: Most insurance policies require policyholders to promptly report any accidents or incidents that occur during the policy period. Failure to do so may breach the terms of your insurance contract and affect your coverage.

3.Potential Claims: Even if you were not at fault, the other party may still file a claim against you or your insurance company. Reporting the incident to your insurance provider allows them to be prepared to handle any potential claims and provide legal assistance if necessary.

4.Subrogation: If your insurance company pays out for damages caused by the accident, they may have the right to pursue subrogation. This means that they can seek reimbursement from the at-fault party's insurance company. By reporting the accident, you help your insurance company in its efforts to recover damages.

5.Legal Requirements: In some jurisdictions, it may be legally required to report certain types of accidents to the police or relevant authorities. Failure to do so could result in legal consequences.

It is essential to check the specific terms and conditions of your insurance policy regarding reporting accidents. By promptly informing your insurance company, you ensure that you have the necessary coverage and protection in case there are any subsequent legal or financial implications.