I work for a local pizza shop and they give us car for delivering pizzas. I was driving while it was raining and the car skidded and hit the wall and it was running fine but the owner now is saying it has stopped and it is totalled.. And he is saying that i should be responsible for the value of the car..
Ethically i think i should be partly responsible but what about legally?? Does anyone have idea??

Yep syal you don't need to worry...company got to pay for it....its the law!

 Syal Brother,

I work for an Insurance Company and I can tell you that you have no liability whatsoever while you are dirving for your company. As people have mentioned, your company should have had physical damage (collision and comprehensive) coverage for the vehicles they own. Your company would have been liable even if you are driving your own car for work. Companies usually buy "non-owned auto" insurance if they  make their employees drive their own cars. 

So, you are off the hook. 

Nicknath just hit the Bullseye!!