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Three things you must never forget when it comes to COID

by , 30 July 2014
The Compensation for Occupational Injury and Disease Act (COIDA) gives your employees financial support if they have an injury on duty.

As an employer, you need to ensure your employees get this compensation, even if you only employee one person.

There are a few things you must do and you must never forget them!

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When it comes to COID, never forget these three things

If you want your employees to get compensation from COID, don't forget to:
1. Register with COID
You have to register your company with COID. You can do this by submitting your COID registration W. As. 2 form. You can get the form from a compensation fund office, a Department of Labour office or online at http://www.labour.gov.za
If you don't register with COID, you're breaking the law under the COID Act. You're also stopping your employees from getting the compensation they deserve. This means, if they have an injury you'll have to pay their compensation.
2. Submit your statement of earning
Each year, you must submit your statement of earnings to the Compensation Commissioner. This statement details how many employees you have and how much you pay them.
If you don't submit this, the Commissioner can't assess how much compensation each of your employees should get if he has an injury.
3. Pay your COID assessment tariffs
You must pay this each year in March. If you don't, the Commissioner will slap you with penalties and you'll have to pay up to 10% of the original tariff cost in extra penalties.
If you want to ensure your employees get compensation for an accident, you must never forget to do these three things.
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