Product liability insurance

[hallion]

We have started selling an electrical item (inverter) which is from an EU supplier and is fully CE certified and of high quality. It is low voltage (12/24 volts) and requires customers to wire it into their existing systems. It's a pretty simple device really with easy to follow instructions.

Due to the nature of it being electrical I was wondering if product liability insurance is recommended. I'm not worried about the item being dangerous as it's so low voltage but a user could install it incorrectly and damage their equipment etc.

I am quite risk averse though and was wondering if I should have some sort of insurance on the product. As the supplier is in the EU there should be rights of recourse with them in the event of a faulty product.

Any advice would be great. Thanks!

Edited by hallion on Wednesday 15th August 19:28

[Ean218]

Yes, insurance would be a good idea anyway, I presume you also sell other things..

I wouldn't rely on the manufacturer EU, UK or wherever. What do their terms of sale/your PO say on the matter?