Seems it would be easier and more effective to handle this at the source. Set some minimum standards for the products and require a bond or insurance for them

Seems it would be easier and more effective to handle this at the source. Set some minimum standards for the products and require a bond or insurance for them to be sold. We already set standards for other vehicles and safety critical products (FAA, FMVSS, UL listing, etc). The minimum standards makes a case for culpability through negligence relatively easy. Requiring a bond or insurance means either betting a substantial amount of your own resources on the fact that you have done correctly, or convincing an insurance company (who are demonstrably passable at assessing risk based on their still being in business) to assess the likelihood of payouts and price your premiums accordingly. If you can’t convince them you made this safe, you won’t be able to afford to put it on the market. Then instead of expecting somehow that OneWheel is going to cooperate with audits they have no real incentive to participate in, consumers in aggregate to make informed, rational decisions, and a bunch of other things that are unlikely to happen… (The insurance company is just going to base rates on aggregate historical data like they do with cars. Some of you may need to die so we can determine whether the products are safe. Best of luck.) People can just go buy products at the store and be relatively confident that they’re not going to kill them. I’d wager that markets are generally healthier when people have confidence that generally available products aren’t dangerous. I can only imagine how little I’d purchase if instead of electrical standards and UL listing I had to go talk to my home insurer every time I wanted to plug something else into the wall so I could find out if it was going to kill my family.