MANY business houses perceive paying workers compensation assessments just as a means of complying with the law of the land in which they are carrying business activities. Yes, assessments may mean different things to different people.
To some, it means another form of tax which adds to the cost of doing business, yet to others, it is a system of passing over the burden of meeting costs of compensating workers to a central fund. To other people, it may not even mean anything at all and so they are not interested to know the purpose of paying assessments to Workers Compensation Fund Control Board (WCFCB).
WCFCB is a central fund to which all employers amenable to the Workers’ Compensation Act No. 10 of 1999 of the Laws of Zambia make statutory financial contributions otherwise known as assessments http://epaper.daily-mail.co.zm/