The Royal Workmen's Plan is a product that relieves the employer of his responsibility to employees by indemnifying him (the employer) in respect of his legal liabilities under the law. This insurance is compulsory. Royal Exchange will pay financial compensation for death, injury, permanent or temporary disability of the employees incurred while carrying out the employer's business.
Floating This contains an amount of guarantee over all employees included in the Schedule which amount is reduced by claims that may arise.
Blanket A blanket policy covers all employees with an overall amount guaranteed.