Lithium battery insurance safety system failure

What are the risks of faulty lithium-ion batteries?

The risk of fires from faulty lithium-ion batteries is increasing because they are used in an increasing number of consumer electronics, from mobile phones and laptops to home battery systems and electric cars. Battery faults are rare but the consequences can be severe, especially with bigger batteries.

Should insurers be concerned about lithium-ion battery safety?

Insurers should remain alive to the growing risk of product liability claims and litigation arising from greater consumer awareness of the safety of lithium-ion batteries in conjunction with well-publicised product recalls. Safe lithium-ion battery production is a priority for the UK Government.

Are lithium-ion batteries a liability hazard?

Insurers should remain alive to the increasing risk of product liability claims and litigation arising from lithium-ion batteries. Lithium-ion batteries are a common source of energy across a wide range of consumer products, with users benefiting from their portability, long lifespan and fast charging times.

Are lithium-ion batteries safe?

To mitigate the risks presented by lithium-ion batteries, insurers should check the insured manufacturer has performed all safety checks in accordance with relevant regulations and continues to take steps to mitigate against all associated risks, including overheating, fire, explosions and intoxication.

Are lithium-based batteries a safety risk?

 Lithium-based batteries are not the only batteries that could cause safety issues; other rechargeable chemistries must be uniquely handled to comply with USDOT regulations.  Two distinct lithium-based battery types: Primary: lithium metal and Rechargeable: lithium ion. Attribute Lithium Primary Lithium-Ion Sub- chemistries

How can a lithium-ion battery fire be prevented?

Conclusions To limit the likelihood and consequences of a lithium-ion battery fire, a comprehensive safety strategy must be adopted that includes: Risk prevention, physical separation, early detection, active extinction and intervention actions.