BUILDING INSURANCE

The Compensation Fund on the other hand, 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... Loss of advanced interest payments on capital outlay, should a misfortune arise during the preceding cover.

Primary location: Western South Africa