The Compensation Fund also known as Workman’s Compensation or COIDA (Compensation for Occupational Injuries and Diseases Act) is a government institution put in place to protect employees and employers should an injury/disease/death occur to any employee "in the line of duty".

According to labour law as soon as a business employs a worker (can only be one), the business must register with the Compensation Fund.

The business is registered with the Compensation Fund. The Compensation Fund registration number is registered in the business name and will stand until de-registered.

Apart from being non-compliant to labour laws laws the business can face huge fines or even prosecution for not complying with the Act . The business can be held responsible for huge amounts of money due to claims relating to injury on duty, diseases or death from an employee.

A Return of Earnings form must be submitted to COIDA annually. Based on the amount of earnings (salaries) paid to employees and members, and the category the business falls under an assessment will be raised and become payable.

Once the assessment(s) has been paid a letter of good standing will be issued.

WE WILL GET THE LETTER OF GOOD STANDING ISSUED ASAP - Registration and Letter of Good Standing R1399