'Ignorance equals criminal prosecution,' warns the Health & Safety Advisor.
That's why 'it's in your best interests to know the COID Act and adhere to its regulations.'
The COID Act has this to say regarding claiming additional compensation from the COID Fund
Experts at the Health & Safety Club say that if your employee injures himself or contracts an occupational disease due to your negligence, he's allowed to apply to the Commissioner for increased compensation in addition to the compensation the fund would normally pay.
This is according to Section 56 of the COID Act.
That's not all.
Discover how to get COID to award every incident your company claims for...
If there's a patent or latent defect in the condition of your premises, equipment, material or machinery which leads to one of your employee's being injured, your injured employee can apply for increased compensation if you fail to remedy the cause.
Your employee must apply to the Commissioner for increased compensation within 24 months of the date of the incident.
Important: The COID Act pays for treatment, rehabilitation and medical pension if your employee suffers an on-site injury. You're responsible for any pain or suffering (your employee may suffer), or his permanent inability to enjoy any extra-mural activities.
Don't forget what we said earlier this month regarding COID refunds: 'The fewer your incidents, the lower your annual payments to the Occupational Injuries and Diseases Fund (COID) will be and this will help increase your chances of getting a refund.' So it's in your best interest to keep your employees safe.
Knowing when your employee will be allowed to claim additional compensation will help ensure you comply with the COID Act.
Enjoyed this article? Subscribe to receive these free articles in your inbox daily.