Fast COIDA Registration in 1 Week!
Register for COIDA (or COID) at the Workmans Compensation Fund.
Only R1590 once-off.
Discounted COIDA & Letter of Good Standing Package available.
Register Now & Get a Free Consultation
Do you need fast COID Registration so you can get a Letter of Good Standing ASAP?
Get your company COIDA registered with these great inclusions:
COIDA Registration
- COID Registration Number
- Main Requirements: (1) ID Number / Passport; (2) Company Registration
- Timeframe: 1-Week
- Free Optional Services Included: Tender assistance, Start-up Training.
R1590 Once-Off
Want to know more about COID Registration in South Africa?
Different Fast-tracked COIDA Packages
If you can’t find what you need, don’t hesitate to call us.
COIDA Package
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COIDA Registration
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Return of Earning Submission
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Letter of Good Standing
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Main Requirements: (1) ID Number / Passport; (2) Company Registration
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Timeframe: 2-Weeks
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Free Optional Services Included: Tender assistance, Start-up Training
Letter of Good Standing Package
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COIDA Return of Earnings Submission
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COIDA Letter of Good Standing
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Main Requirements: COIDA Registration Number
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Timeframe: 1-Week
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Free Optional Services Included: BEE Affidavit, Bank Account, Tender Assistance and Start-up Training
Elite Tender Package
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Pty Company
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Tax Clearance
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SARS Registered Representative Update
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CSD Registration
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COIDA Registration
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COIDA Letter of Good Standing
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Timeframe: 2-Weeks
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Free Optional Services Included: BEE Affidavit, Bank Account, Tender assistance, Start-up Training and Website.
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A Quick Guide to Fast COID Registration and how to
get a Letter of Good Standing ASAP.
This page is dedicated to the fastest way to get registered for COID, the fastest way to get a Letter of Good Standing and all the details in-between about the Workman’s Compensation Fund, Return of Earnings and Assessment fees.
Registration / a Letter of Good Standing as soon as possible and next we’ll dive into specific questions.
Please note this page does not serve as legal advice and it’s important to check for any regulation changes at the relevant authorities.
Here’s a breakdown of the content on this page. Just scroll to the section you’re interested in:
- How to get fast COID Registration?
- Why you need COID Registration before you can get a Letter of Good Standing?
- The requirements for a Letter of Good Standing.
- Why you need a Letter of Good Standing for Tenders, RFQs and Contracts?
- Is COID Registration Compulsory?
- A step-by-step guide to fast COID Registration & getting a Letter of Good Standing with Company Partners.
- The benefits of COID Registration.
- What the Workman’s Compensation Fund covers?
We offer fast-tracked COID services for South African entrepreneurs like you. Here’s our timeframes:
- Get a COID Registration Number in only 1 week
- Receive a Letter of Good Standing within 2 working days
- Buy a COID Registered Shelf Company that you can use within 24 hours
- We also offer various packages with fast-tracked time-frames to help you get everything done, cost-effectively.
- We also have Monthly Payroll services available, Click Here for more info.
Why does Company Partners offer record-breaking timelines?
We have an office located right next to the Workman’s Compensation Office in Pretoria. This is the national authority where all COID registrations in South Africa are processed. Read more about our team of over 40 experts. We work with COID daily.
The national fund helps employers pay Compensation for Occupational Injuries and Diseases (COID) if something ever happens to an employee at work or due to work-related activities. It’s a form of national insurance that’s required by the law in most cases.
Your company is only eligible for a Letter of Good Standing if you:
- Are registered at the Workman’s Compensation Fund;
- Have submitted your Annual Returns (your annual wage/salary expenses);
- When you register for the first time, this is included in the registration paperwork.
- Have made all your due payments within your payment arrangement (it can be monthly or annually);
- The Fund will send you a Notice of Assessment with the amount that you owe them. This amount is based on your Return of Earnings and the type of work your employees do. Note, when you choose to pay monthly you a Letter of Good Standing that is valid for only a month.
- And when you report all work-related incidents right away.
2) We represent you at the COID Offices and submit all the application forms. We fill out the necessary forms, including your Return of Earnings and submit everything at the Workman’s Compensation Fund as your representative. We’ll ensure your application is processed as fast as possible and we’ll send you regular updates via email and SMS on the timeframe.
3) Receive COID Registration Number in record-breaking time. Once your application is processed, you’ll receive a Registration number and a Notice of Assessment which tells you exactly how much to pay the Workman’s Compensation Fund in order to cover all your employees. This is called an Assessment. We will show you how to make your Assessment payments.
4) You’re eligible for a Letter of Good Standing. As soon as your fees are paid, we will walk you through the fastest way to get a Letter of Good Standing.
5) Get your Letter of Good Standing and apply for Contracts and Tenders! It’s as simple as that! We’ll notify you when you need to submit your Return of Earnings again and when your Letter of Good Standing will expire. If you have any questions along the way, there’s a toll-free number and a dedicated expert at your disposal.
Injuries and diseases may imply significant medical bills. It may also impair an employee’s ability to work while he or she recovers. It can even lead to permanent impairment or a chronic illness which affects an employee or their family’s household’s income. In the case of work-related death, the long-term financial implications for a family is even bigger.
The workman’s compensation fund supports employers in financially preparing for any of these possibilities and it ensures that employees get reasonable compensation for medical expenses or loss of work, if it was in some way caused by work.
Essentially the Workman’s Compensation Fund reduces the financial risk that employers face when employees are harmed or injured by something that relates to the work environment. COID Registration also offers employees, and their families, some form of financial security if something ever happens.
Being registered and up-to-date offers you the opportunity to show potential clients, you take care of your employees and your financial risks. This makes you eligible for various Tenders, Contracts and RFQs.
- Any Permanent employees
- Any domestic worker working in a boarding house
- Apprentices or trainee farmworkers
- Any workers paid by a labour agency
- Medical expenses for up to 2 years
Any employee who had medical expenses due to an incident at work, or work-related actions, can submit a claim for up to 2 years of medical expenses. You can base this on the day you were diagnosed or the day of the incident.
- Temporary total disablement (TTD)
If any work-related harm, stopped you from working, or limited your earning capacity, you can typically claim up to a year in lost earnings. You can also submit your medical expenses as mentioned above.
If your work has caused you permanent harm, the Commissioner may approve a longer period based on Permanent disablement (PD). See below.
- Permanent disablement (PD)
If your work impairs your ability to earn long-term, either partially or permanently, you can submit a claim for fair compensation.
If your disability is more than 30% you will most likely receive a monthly pension that’s determined based on the salary you had before you were harmed.
If it’s less than 30%, it’s likely that you receive a one-off sum of money.
- The Funeral costs
The dependents, either the spouse or children under the age of 18, can claim the funeral costs of an employee who has passed away due to work-related accidents or illnesses.
- Death-related costs
In the case of death, the spouse or any dependent children under the age of 18, may submit a claim for compensation that may lead to a pension for the Dependents – if the deceased Employee was a main provider.
- Medical expenses for up to 2 years
Any employee who had medical expenses due to an incident at work, or work-related actions, can submit a claim for up to 2 years of medical expenses. You can base this on the day you were diagnosed or the day of the incident.
- Temporary total disablement (TTD)
If any work-related harm, stopped you from working, or limited your earning capacity, you can typically claim up to a year in lost earnings. You can also submit your medical expenses as mentioned above.
If your work has caused you permanent harm, the Commissioner may approve a longer period based on Permanent disablement (PD). See below.
- Permanent disablement (PD)
If your work impairs your ability to earn long-term, either partially or permanently, you can submit a claim for fair compensation.
If your disability is more than 30% you will most likely receive a monthly pension that’s determined based on the salary you had before you were harmed.
If it’s less than 30%, it’s likely that you receive a one-off sum of money.
- The Funeral costs
The dependents, either the spouse or children under the age of 18, can claim the funeral costs of an employee who has passed away due to work-related accidents or illnesses.
- Death-related costs
In the case of death, the spouse or any dependent children under the age of 18, may submit a claim for compensation that may lead to a pension for the Dependents – if the deceased Employee was a main provider.
You get an assessment based on the Return of Earnings you submit to the fund. You can either opt for annual or monthly payments. However, if you choose a monthly instalment, you’re only eligible for a monthly Letter of Good Standing and you need to pay at least 20% upfront.
Your assessment fees are payable to the Workman’s Compensation Fund up to 30 days after receiving a Notice of Assessment.
- Late ROE submissions: a penalty – Sect 83(2)
- No ROE submissions: you’ll receive an assessment fee, based on an estimate – Sect 83(6)(a)
- No payment of assessment fees: a penalty and interest fees – Sect 87(1)
- Reporting any incidents late: a penalty
- No registration at the Compensation Fund: when an employee, or his or her dependents, claims for an accident/death, you’ll receive a penalty – Sect 87(2)(a)
- Not offering fair compensation for an employee, or his / her dependents: charged guilty of a legal offence – Sect 81(3)
Fair compensation is based on the incident, the extent of the harm to the employee, his or her medical expenses, his or her dependents and his or her income before the incident.
You can claim even if you stopped working before a diagnosis of a work-related illness. The Commissioner will reference your last salary.
Get the assistance you need from our Experienced Professional Now!
Simply email us a brief description of your company and your service offering or the services required for your Company / Business.
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- Arcadia, Pretoria, 0007
- 012 023 2468
- info@ccregistration.co.za
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