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Essential company info: Why must you register for COID

by , 19 March 2015
Today, we thought we'd remind you what registering for COID means.

And its relevance to your company's health and safety priorities.

Registering with COID is essential for the following reasons:

Keep in mind that COID registration is  a legal requirement, even if you employ only one person.

Also remember that if you have more than one company, you must register all of them. You can register them as a single registration, but you'll have to apply to the Compensation Commissioner to do this.

You can do this in writing and the Commissioner will decide if he'll grant your request based on whether you've complied with all your legal requirements under the COID Act or not.

If you don't register for COID or pay your tariffs, and an employee is injured, contracts a disease, is disabled or dies, you could end up paying thousands in damages to your employee or their dependants. Making this mistake could cost your company millions!
Now that you know why you must register with COID, here's how to do it.


 *********** Top Rated Product ***************

Avoid getting your claims denied...

COID statistics show that the fund denies 80% of all claims outright!

Why?

For two reasons:
1.    The employee either didn't report the claim properly.
2.    Or the incident they reported is something the COID Fund doesn't cover.

Click here to ensure this doesn't happen to you...

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How to register for COID in 5 steps


1. Download the registration form (i.e. W.AS.2 form) from www.labour.co.za; 2. Complete the form;
3. Complete the form correctly and enter all the information required;
4. Attach the following documents when you send the form:
a. CK1/2 or CM1 + CM29 for close corporations and companies, trust documents or NPO certificates;
b. A copy of ID document(s) MUST be attached for sole proprietors, owners or partners.

5. Send the form to:
The Compensation Commissioner
PO Box 955, Pretoria, 0001
Compensation House
Cnr. Hamilton St. and Soutpansberg Road
or fax it to:
Fax: (012) 357 1773 /323 5023

What happens after you submit your COID registration form?

After submission, you have seven days to change the information in the form and inform the Commissioner of any changes you might have (Section 80.3 of the COID Act).

Bear in mind that if you have changes, you can complete a second form and submit it to the Commissioner. At the top of the form, indicate that it's a change to your first registration form.




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