I'm an electronics engineer thats considering designing and selling guitar effects pedals in the UK only. This is only intended as a side hobby (unless it becomes financially viable). As part of my research into starting a (very) Small business I've been looking at liability insurance
How long is someone liable for their product. For example, if I design and sell a pedal, in 20 years time if someone gets electrocuted by it am I still liable? Given that in the time frame components will have degraded the product could have been re-sold etc. Or is the manufacturer only liable in the warranty period? (for UK minimum 12 months). This effectively leads to me asking, how long do I need liability insurance for? If I find that selling these pedals makes little money and decide to stop making them or close down the business , how long do I need to have liability cover for?
Please provide sources for any answer as I'm keen to read around the topic