COID Registration & the Letter of Good Standing

Do you need a COID / COIDA Registration Number (Workman’s Compensation) from the Compensation Fund asap? COIDA Registration can be finalised within 4-5 weeks. We can also Assess (submit) your Returns of Earnings to obtain your Letter of Good Standing from COIDA. Just complete and submit the easy registration form below, and a friendly Consultant will contact you.

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The “Compensation for Occupational Injuries and Diseases Act” (COID Act) states that all South African persons (Individuals / Companies) who employ one or more Employees, in connection with their Business / farming activities / organisation / association / trust must comply with the COID Act.

If you are looking for COID Registration or a Letter of Good Standing, please see the info below.

If you are looking to claim from the Compensation fund, we can assist you here.

 

Service Type

COIDA Registration (Workmans Compensation) @ R1470

Letter of Good standing @ R790

Service Description
Before you can get a Letter of Good Standing from the Compensation Fund, you need to be ‘COID Registered’. This basically means that the Compensation Fund lists you on their database as a South African Company which has a work environment that qualifies for employees to work in. (Please note: Some Employers are classified as Class 13 Employers, depending on their nature of business. In such a case a second registration needs to be finalised at the RMA / Rand Mutual Assurance Company – if this is applicable to your registration, we will inform you after your COIDA registration is finalised.) If an Employer is registered with the Compensation Fund as per section 80 of the COID Act, he / she can apply for a Letter of Good Standing from the Compensation Fund. This Letter states that you are in good standing with the Compensation Commissioner and you have met all their requirements.
 

Advantages
(1) Covered

If you are registered, your Company and Employees will be covered in the case of any workplace injuries. This includes all medical expenses (up to 2 years), temporary total disablement (TTD), permanent disablement (PD), funeral costs, pension for the injured Employee or in the case of fatal, pension to the Dependents of the deceased. See more information at the bottom of this page.

(2) Letter of Good Standing

You will be able to apply for a Letter of Good standing at the Compensation Fund.

(1) Contracts and Tenders

To apply for most Contracts and Tenders, your Company will have to submit a Letter of Good Standing. We assist you to obtain this Letter.

The Letter of Good Standing states that you are in good standing with the Compensation Commissioner and you have met all their requirements.

 

Requirements

*In case your fees are not up to date, we will send you the information you need to settle your account with the Compensation Fund before
we can continue with the Letter of Good standing. Note that if you have an outstanding fee, the COMPENSATION FUND will charge you these fees additional to the services that we offer.

Submitting your Returns of Earnings: All Employers who are registered at the Compensation Fund, need to Submit and Pay their Annual Fees. Without successful submission and payment of these annual fees, the Employer will not obtain a Letter of Good standing. This process is sometimes very time consuming and complicated. We will assist you in a faster and professional manner with this.

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Process

(1) COID Offices: We visit the Compensation Fund’s offices on your behalf to complete the correct forms, wait in the lines, meet with an official and make sure that your Application is successful.
(2) Start using your COID Registration Number: Our COID Department will ensure your COID Registration is successful in the quickest possible timeframe.
(3) Letter of Good Standing: You will then be able to apply for a Letter of Good standing – we can assist.

 

Renewals

ALL Companies who have a COIDA Letter of Good Standing, need to renew it before 30 April annually – this date is unrelated to the date on which you applied for your first Letter. You may have requested a letter in March and by the end of April you’ll have to renew it again.

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COID Registration and Letter of Good Standing – more info:

Employer Advantages

If any Employee gets injured on duty; or becomes sick with ‘Occupational Diseases’, the Employer will be protected against civil claims. Most contracts and tenders require that the Company needs COIDA Registration before he / she can apply for any contracts / tenders. For example when you are starting a Construction Company.

Employee Advantages

Employees who get injured on duty or those who contracted occupational diseases can claim compensation for temporary or permanent disablement. These claims will be awarded according to the degree of disablement or death by the Department of Labour.

They will also be covered for reasonable medical aid expenses arising out of an injury on duty. This compensation is payable for a period of two (2) years or longer if further medical treatment is needed and if it will reduce the extent of disability.

Mission of COIDA

To compensate Employees for disablement caused by occupational injuries / diseases sustained / contracted in the course of their employment. Or to compensate their dependents for death resulting from such injuries / diseases. To pay the reasonable medical expenses incurred.

What is an Assessment?

It is the annual payment which is paid by the Employers to the Compensation Fund to cover Employees who are injured at work.

Who must register with the Compensation Fund?

All Employers who employ one or more part-time or full-time Employees must register with the Compensation Fund.

Letter of Good Standing Info

This letter is issued to the Employer who meets the following criteria:

1. Assessment fully paid up
2. Instalment arrangement honoured

The Employer is regarded to be in good standing when:

– registered with the Compensation fund
– submitted annual returns
– paid assessment in full
– report accidents timeously