HomeHome SearchSearch MenuMenu Our productsOur products

Make Compensation for Occupational Injuries and Diseases (COID) registration a walk in the park with these 3 easy steps...

by , 16 April 2013
The Compensation for Occupational Injuries and Diseases Fund (COID) is a government body that compensates injured workers or those who've contracted a disease at work.

By registering with COID and paying your tariffs, you're contributing to that compensation.

Why must your company register with Compensation for Occupational Injuries and Diseases (COID)?

It's a legal requirement for all companies who employ people to register with COID. Even if you only have one employee, you must register with Compensation for COID (Section 80.1).

If you don't register, you could pay heavy fines, be sentenced to imprisonment and be penalised by having to pay interest on your tariff rate – as per the COID Act.
 

********************

Did you know that if you employ even 1 worker, you must comply with this legislation?

Did you know that if you hire contractors to work on your site or at your workplace that this legislation also applies to you?

If you don't comply with the Compensation for occupational Injuries and Diseases Fund (COID) Act you could end up facing criminal prosecution.

I have a solution that'll make sure you comply with all your COID obligations and have the correct paperwork in place!

*******************

2 more reasons to register with the Compensation Fund

  • You're protected against civil claims if a worker is injured on duty.

Example: If you are registered with Compensation for Occupational Injuries and Diseases Fund (COID) your worker can't take you to court and claim damages for injuries or diseases

  • Workers who're injured on duty can claim compensation for temporary or permanent disablement. If a worker dies because of an injury on duty, their dependants can claim compensation.

Example: COID pays the dependents of a worker who has died or isn't able to work anymore (if they are financially dependent on the worker).

Compensation for Occupational Injuries and Diseases (COID) is there to safeguard you and your workers when they're injured. And this is one of your primary responsibilities as an employer! To help you get your COID registration right the first time, read on to find out more…

Register with Compensation for Occupational Injuries and Diseases Fund (COID) in 3 easy steps…

If you want to register with the compensation fund you must do the following:

Download and complete the correct form to get the thumbs up from the Compensation Commissioner

The form you need to complete is called the W.As2 form. You can download the form by simply clicking here.

****************

I know you're obliged to organise periodical training of employees, BUT

Aren't you tired of having to arrange and prepare the sessions, especially since you don't always have a ready-to-use format?

Are you always aware of what you're legally required to include when it comes to training?

Now, you can have tailor-made professional training for all your employees without the exorbitant costs! 

*******************

Attach the correct documentation

If you don't attach the correct documents, your registration form will be rejected and you'll have to start all over again. Make sure you read the following section carefully to avoid getting your W.As2 form sent to the dustbin.

Here are some examples of the documents you'll need to submit with your form:
 

Entity

Extra  documentation required

Close Corporation (CC) or a Company

Certificate of incorporation (CM1) and or Memorandum of Association (CM2) and
Contents of Register of Directors, Auditors and Officers (CM29)

Trust

Trust documents

Sole proprietor/owner or even a partner

Remember, if you have more than one company and want to register your companies via a single registration to save some time and minimise duplication of paperwork, you must apply to the Compensation Commissioner in writing.

He'll give you written permission to do this, but only if he's sure that it complies with the requirements of the COID Act.

********************

Is Your workplace a death trap that can cost lives and your business R795 000?

Find out here

*******************

Send the completed documents to the Compensation Commissioner

You can use any one of the three channels below to submit your W.As2 form and additional documents.

1.    Email – cfcallcentre@labour.gov.za;
2.    Fax - 012 326 1570 / 012 357 1772; or
3.    Post your documents to:

Compensation Commissioner
P.O. Box 955
Pretoria
0001

Remember, submitting your documents is only the start of the COID fund process.

As the person responsible for your employees, you need to understand the COID processes. We've got you covered!

The Health & Safety Training Manual has a detailed chapter (C01) on COID – read this chapter now to brush up on your Compensation for Occupational Injuries and Diseases Fund (COID) knowledge.

In the name of safety!

Kerusha Narothan
Managing Editor: Health and Safety Advisor

 



Related articles




Related articles



Related Products



Comments
0 comments


Recommended for You 

  Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance



Here are all the most interesting, thought-provoking and common tax questions
asked by our subscribers over the last tax year – everything from A to Z!

To download Quick Tax Solutions for Busy Taxpayers – 35 tax answers at a glance click here now >>>
  Employees always sick? How to stop it today



Make sure you develop a leave policy to regulate sick leave in your company.

BONUS! You'll find an example of the leave policy and procedure in this report.

To download Employees always sick? How to stop it today click here now >>>
  Absenteeism: Little known ways to reduce absenteeism



This FREE e-report will tell you how you can reduce absenteeism in your workplace while avoiding the CCMA and without infringing your employees' labour rights.

To download Absenteeism: Little known ways to reduce absenteeism click here now >>>
  7 Health & safety strategies to save you thousands



Don't let a health and safety incident cost you one more cent. Implement these seven
strategies in your company today.

To download 7 Health & safety strategies to save you thousands click here now >>>