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What are Impact of COIDA on businesses (employers and employees) Positives 

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Impact of COIDA on businesses (employers and employees)

  • Promotes safety in the workplace.
  • Creates a framework for acceptable employment practices/safety regulations.
  • Supply administrative guidelines/mechanisms for dealing with/ processing claims.
  • Eliminates time and costs spent on lengthy civil court proceedings.
  • Covers all employees at the workplace if both parties meet all the necessary safety provisions in the Act.
  • Employees are compensated financially for any injury/disability resulting from performing their duties at their workplace.
  • In the event of the death of an employee as a result of a work-related accident/disease, his/her dependant(s) will receive financial support.
  • Employers are protected from financial burden should an accident occur in the workplace provided that the employer was not negligent.
  • Employees do not have to contribute towards this fund.
  • The employees receive medical assistance provided there is no other party.
  • Any compensation to an employee/the family is exempt from income tax.
  • The processes are relatively simple.
  • Makes businesses more socially responsible as they cannot just employ workers at random in dangerous working conditions.
  • Workers are treated with dignity and respect as businesses view them as valuable assets and not just as workers.

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