What is Workmen’s Compensation? It is a compulsory form of insurance providing a portion of wage replacement and medical benefits to employees injured in the course of their employment and is governed by The Compensation for Occupational Injuries and Diseases Act (COIDA).
The Federated Employers Mutual Assurance Company (RF) Pty Limited (FEM) is one of only two private sector companies that have been issued a license to provide services under this Act. FEM focuses on employers in the building and construction industry.
How does workmen’s compensation operate? Employers make contributions on an annual basis and have the option of either insuring their Workmen’s Compensation Liability with the Department of Labour’s Compensation Fund or with FEM.
Why FEM? We have the experience to provide you, the employer, and your employees, with the best possible service. Having been established as a mutual insurer in 1936, we have provided workmen’s compensation for the building and construction industry for more that 80 years. FEM cares about the quality of life of injured workers and their dependents, and champions health and safety, for the benefit of all policyholders and society.
With a minimum annual premium payable by the employer to FEM from only R2500 per annum, FEM offers policyholders significant benefits that are worth looking into.
Benefits include –
• Medical costs related to the accident are covered.
• Valid Letter of Good Standing for entrance to sites as well as tender applications.
• Access to private healthcare for injured employees.
• All administration is done by FEM which includes requesting all reports until all the claims are finalised.
• Online submission of claims documentation which helps speed up processing allowing for quick responses.
• Merit rebates paid on favourable claims experiences.
In addition, FEM has long-established relationships with an extensive list of private hospital groups as well as qualified professional nurses who monitor treatment to ensure it is in line with the injury, eliminating over-servicing.
Accident statistics are also available on-line to assist employees in reducing risk.
FEM also lodges Road Accident Fund claims for Motor Vehicle accidents on the employer’s behalf.
So, if you run a business or are employed in building operations ranging from demolition work to painting and plastering, or tombstone erection to the construction of swimming pools, or electrical contracting to gas fitting and plumbing, to name a few construction sub-categories, FEM is able to assist you with a professional and speedy service.
Contact 011 359 4300 or log onto www.fem.co.za for more info.
