I wouldn't have paid m8..... simple as that.. unless the company was paying for it (even then I would complain and see what sweetners you might get .... free beer !)
got my bike added to my ins today... £167 ... kicked off big style on phone, threatened to cancel my policy and after 30 mins waiting on the phone..... £58.... still more than I reckoned but save a few quid (will do nicely for my up n coming holiday !)
cheers
Will