As first published in Electrical Comms Data online on 6
November 2017
With the senate inquiry into non-conforming building products
(the Senate Inquiry) underway, building industry stakeholders have
reported a concerning rise in defective building products being
imported into Australia.
Whether it is faulty cables, flammable cladding or exploding
glass balconies, potential liability as a result of non-conforming
or non-compliant building products should not be underestimated,
and building industry stakeholders should consider product
liability insurance as a means of de-risking their businesses.
The global-local challenge
We live in a global economy that brings with it a number of
advantages. It also allows the importation of cheap building
materials into Australia, at times without the appropriate control
mechanisms in place.