WHY IS COID SUBMISSIONS IMPORTANT?
The government established a compensation process for workers injured on the job after the passage of Act 130 of 1993.
The objective of the COID act is to provide compensation for the disability caused by an occupational injury or disease, as well as the death resulting from such an injury or disease, that happened while they were employed.
In 1997, the COIDA was amended to provide for the coverage of most workers. This Act differs from the previous workmen’s compensation act, which only covered employees earning less than a certain amount.
If an employee gets injured on the job or gets a disease, they can file a claim for compensation. Their surviving family members are also entitled to receive compensation. The COIDA provides that employers are not liable for the damages caused by an employee’s injury.
Before we get into the details of the act, it’s important to understand the meaning of the word employer. According to the definition provided by the government, an employer is any person, organization, or agency that employs an employee.
- any person controlling the business of an employer;
- if an employee’s services are temporarily or lent to another person by their employer, then the employee’s employer is considered the other person’s employer.
- a labor broker is a person who provides a service to a client against payment. This type of organization does not provide a person with a contract. Instead, it provides them with the services that they need.
A prescription requires an organization that employs more than one full- or part-time worker to register with the Workers’ Compensation Fund and pay an annual assessment fee. The trust fund is controlled by a commissioner, who is also the employer’s representative. He or she is responsible for overseeing the fund and making sure that the claims are approved.
An organization’s annual assessment fee is based on the earnings of its employees, as well as any risks associated with the profession or work. Before March 31 of every year, all employers must submit a statement of their earnings.
We can help you process your Workmen’s Compensation Commissioner requirements yearly, Employer Registration & ROE Submissions.