How does the process work?
COIDA Submission
The aim of the COIDA Act is to provide for compensation in the case of disablement caused by occupational injuries and diseases, sustained or contracted by employees in the course of their employment, or death resulting from such injuries and diseases. COIDA basically prevents employees covered by the act from suing their employers for damages in terms of common law.
An employer must register for COIDA with the Commissioner within seven days after the day on which he employs his first employee. Once registered an employer must submit Returns of Earnings every 6 months. A Letter of Good Standing will be issued on receipt of the full payment. It is against the law for failure to submit the ROEs and penalties will be charged.
Letter of Good Standing
A Letter of Good Standing is essentially an official document that proves you have submitted your COIDA Returns of Earnings and the Workman's Compensation Fund (COID) will assist you in paying for any work-related injuries or harm to your employees, because your payments to the fund are up to date.