If you operate a business with one or more employees, and/or if you are a domestic employer, you are required by the Compensation for Occupational Injuries and Diseases Act (COIDA) to register with the Compensation Fund, to keep certain records, and to pay a tariff based on annual earnings.
These are not new requirements but, just recently, the Compensation Fund issued a notice to employers – including domestic employers - to expect employer engagements, site visits and audits.
Failure to comply with the provisions of COIDA constitutes an offense. Fortunately, for employers who comply with the regulations, there are also benefits detailed in this article along with tips for ensuring your company ticks all the boxes for COIDA compliance.