Register your employees for COIDA
When do you need for COIDA?
As soon as a private company has employed the first employee, it has to register for COIDA at the department of labour.
What is COIDA?
COIDA, or workmen’s compensation as it it known, is an insurance to cover the medical cost for employees who are injured on duty. Once a private company is registered for COIDA, it has to submit a return to the department of labour before the end of every May.
How is the premium calculated?
The premium for COIDA is calculated according to the annual salaries paid to employees. The risk factor of the business activity is also taken into account.
I have over 10 years experience in dealing with CIPC, tax and accounting matters. I have been self employed for the last 5 years. We always strive to give customers the best advise and service possible.
