First, whether or not the other driver had a license is irrelevant to liability. Whoever caused the accident is liable. Your company's insurance should provide you a lawyer at their cost and they will defend you and pay any settlement or judgment rendered up to the limits of the policy. Turn the paperwork over to your ex-employer's insurance company, pronto. To protect yourself from a judgment in excess of the limits, write the company and tell them to settle the claim within the limits. If they get the opportunity to do so and don't, and you get hit with a judgment in excess of those limits, then the insurance company will be liable for it all.
Answered on Apr 17th, 2014 at 6:23 PM