Do you need a COID Registration Number (Workman’s Compensation Services) asap from the Compensation Fund of South Africa? From within only 1 – 2 weeks we can get you a COID Registration Number, a Letter of Good Standing and Submit your Returns of Earnings. Apply on this page below, or call our toll free line below:
The “Compensation for Occupational Injuries and Diseases Act” or “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 are under the scrutiny of the COID Act.
COID Registration (Workmans Compensation) @ R 1 470
Letter of Good standing @ R 790
|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.||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 there is no outstanding claims / debt on his / her Compensation Fund record.|
If you are registered and your fees are up to date, your Company and Employees will be covered in the case of any workplace injuries. See more information at the bottom of this page.
(2) Letter of Good Standing
You will then be able to apply for a Letter of Good standing at the Compensation Fund.
|(1) Get Contracts and Tenders
To apply for most contracts and tenders, your Company will have to submit a Letter of Good Standing which they received from the Compensation Fund.
This proves that there is no outstanding debt claims from the Compensation Fund / or Employees.
*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 Return of Earnings: Only applicable to existing Company who are doing belated COID Registration. 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 Compensation Fund will not issue a Company a Letter of Good standing. This process is sometimes very time consuming and complicated. By using our representative, you are guaranteed a successful submission.
Letter of Good Standing
once-off - SAVE R270
(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 at the Compensation Fund
ALL Companies who has a letter of good standing at the Compensation Fund, 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.
More Advantages of COID Registration:
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 COID Registration before he / she can apply for any contracts / tenders. For example when you are starting a Construction Company.
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.