How to File Workmans Compensation Fund (COIDA Return) Step-by-Step 2023

This isn't really a video for everyone, but if you didn't know already you have to fill in a return to get injury insurance for your business. The process is rather old but necessary. Most agencies will charge you around about R1000 to fill this out.

Some other things to note

Filing a COIDA return is necessary for businesses in South Africa for several reasons:

Legal Requirement: It's a legal requirement under South African law for all employers to register with the Compensation Fund and submit a return of earnings (ROE) annually. Failure to do so can result in penalties.

Protection for Employees: The Act provides for compensation in the case of disablement caused by occupational injuries or diseases sustained or contracted by employees in the course of their employment.

Protection for Employers: It also protects employers from being sued under common law for injuries or diseases occurring during the course of employment.

Financial Coverage: The fund covers medical expenses, loss of earnings, and death benefits in the event of an employee's work-related injury or disease.

Promotes Safe Work Practices: The Act encourages employers to maintain safe work environments to minimize the risk of occupational injuries or diseases.

https://cfonline.labour.gov.za/

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