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Letter of Good Standing (COID)

 An official document that shows the Workman’s Compensation Fund (COID) will assist the individual in the payment for any work-related injuries or harm to the employees, and this is because the payments to the fund are up to date is a Letter of Good Standing.

This document is issued by the commissioner of compensation and It is an official and legal statement of a firm’s ability to encounter with the numerous requirements of the act. The letter of good standing is also to ensure approval of claims from employees against the Compensation Fund.

To get registered with the Labour Department, it takes approximately 90 days or more where as the COID service only takes about 25 days. The individual can choose to register with the Department of Labour or letter of good standing or use the COID service that is armed with a team of experts to get the individua registration on his or her behalf.