What is COIDA?
COIDA is the Act governing compensation for work-related accidents and diseases. The Compensation for Occupational Injuries and Diseases Act, (Act No. 130 of 1993) replaced the previous Workmen’s Compensation Act. It is also referred to as WCA or OID
What is the purpose of the Act?
This fund (The Compensation Fund) provides for compensation for disablement caused by injuries and diseases sustained or contracted by employees during their employment period as a direct result of their occupation. It also compensates for death as a result of injuries and diseases in the same manner. It is compulsory for employers to pay an amount every year to the fund from where these benefits are paid.
In other words, it is compulsory insurance cover for employers should any of their employees die, sustain an injury or contract an occupational disease during the course of their employment.