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Are you making these three shocking COID mistakes?

by , 11 July 2014
Have you ever had a workplace accident that injured your employee? If you have, you'll know how difficult it can be for the injured employee.

The injury could stop him from working. If he doesn't have any sick leave, that means money lost. It also means there's less money to pay for all his medical needs.

This is exactly why COID exists. It's here to help your employees in this situation. Sadly many employers don't get the COID process right at all.

In fact, many of them make these three shocking mistakes...

*********** Hot off the press  ************
COID rejects 80% of all claims! Will it reject yours?
 
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If you want to ensure your employees get compensation, avoid these three COID mistakes

 
If your employee has an injury at work that stops him working for three days or more, he can place a claim with COID. The Compensation Commissioner reviews the claim and grants it if your employee is entitled to workers' compensation. 
 
This process works well, unless you make these three mistakes:
 
It's actually a legal requirement for you to register your company with COID. If you 'forget' to do so, the DoL can press criminal charges against you AND your employees won't get compensation!
 
Every year you must pay a compensation fund assessment tariff. If you don't, the Compensation Fund will fine you. 
 
This could delay your employee getting the money he needs and you may have to fork it out. 
 
You must submit your statement of earnings in March of each year. COID uses your statement of earnings to work out your tariff. 
 
Again, if you don't do this, it'll delay any claims your employees make to COID because they won't know what they must pay out to your employee.
 
These three mistakes could cost you and your employees dearly, so avoid them at all costand get the COID process right!
 

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Do you want to be fined, jailed or have a criminal record for life?

If an accident occurs in your workplace, and the person dies, you could be charged with culpable homicide, charged penalties of R100 000 or 2 years in jail! The CEO or Owner of a company is personally accountable for health and safety at work. 
 
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