Compensation is provided by the Compensation Fund to the employees who contract diseases or get injured in the course of their employment. It is the Compensation for Occupational Injuries and Diseases Act (COIDA) that the Compensation Fund is governed by. We at Rushaan Toefy Financial Services can assist you with this. Here are some things that you need to know before you apply for compensation, as an employee- When an Employee Can Claim Compensation: - If they are injured while doing their work
- If they catch a disease at work
- An employee’s dependants can claim compensation if s/he dies from a disease or an accident
Who Cannot Claim Compensation: Employees who cannot claim compensation from the Fund are:
- Members of the South African Police Services and South African National Defence Force
- Domestic employees who work in private households
- Employees working outside South Africa for more than 12 years
Types of Compensation Payment The four main types of compensation payments are:
- For permanent disability
- For temporary disability
- For medical expenses
- For death
- Additional compensation
What Your Company Needs to Submit In order to get the compensation, the Department of Labour requires the company to submit:
COIDA (WCA) annual returns
This ensures that all claims to the fund are accepted.
Letter of Good Standing
Business/ trading partners will require this letter in order to prove that the workers are covered for injuries at work. If all submissions are up to date, the Department of Labour will issue this letter to the company on request. Why Choose Us We offer you a complete financial services package, according to needs. We value our clients more than anything else. We take care of all your compliance needs while you concentrate on your core business. We make sure that our clients get the best financial services. |
