To obtain a letter of good standing, first register your business with COID. You can register directly with the Labour Department or use our COID service, where our team of Experts will complete the process for you. Registering directly takes 3 months or more, while our COID service takes 25 days. The letter provides assurance that the Compensation Fund trust will pay for employees’ work injuries.
All employers with staff must register. If registered and employees are injured, compensation is paid from the trust fund. You can claim UIF for 12 months if you have full credit days. Compensation is calculated based on earnings. The letter shows COID contributions are up to date. Our COID Experts can complete the registration process promptly.
Asking for a Good Standing Letter
How do you ask for a good standing letter?
To obtain a letter of good standing, first register your business with COID. You can register directly or use a COID service to complete the process. Registering directly takes 3 months or more with Labour, while a COID service takes 25 days. The letter provides assurance that the Compensation Fund trust will pay for employees’ work injuries, avoiding employer liability.
All employers with staff must register. If registered and employees are injured, compensation is paid from the trust fund. You can claim UIF for 12 months if you have full credit days. Compensation is calculated based on earnings.
The letter shows COID contributions are up to date. COID Experts can complete the registration process promptly.
Writing a Letter of Good Standing
Who writes a letter of good standing?
To obtain a letter of good standing, first register your business with COID. You can register directly or use a service to complete the process. Registering directly takes months with Labour, while a service takes days. The letter provides assurance that the Compensation Fund trust will pay for employees’ work injuries, avoiding employer liability.
All employers with staff must register. If registered and employees are injured, compensation is paid from the trust fund. You can claim UIF for months if you have full credit days. Compensation is calculated based on earnings.
The letter shows COID contributions are up to date. Experts can complete the registration process promptly.