Re: Do I want to build motorbikes?
A good attorney may be able to provide you with a sales agreement that will provide some measure of product liability protection. The language might include stuff like the following:
This motorized bicycle is sold as is with no warranty. Buyer assumes all risk. By purchasing this motorized bicycle, you acknowledge that motorized bicycle riding is inherently dangerous, and that you and others may be seriously injured or killed as a result of mechanical failure, careless riding, or any number of other causes. You will defend and hold seller harmless and will pay all seller’s legal fees in any and all legal actions brought against seller by you or any third party for any reason, including seller’s negligent acts. You agree to limit seller’s liability to $300 or the cost of the motorbike, whichever is greater.
However, if named in a suite and the buyer doesn’t have the financial resources to protect you, you will still spend a bundle defending yourself in court, and you may lose, even if you are right. Therefore, you need to carry product liability insurance. Look into the cost of the insurance. If you can sell enough bikes to pay for it and still make a profit, it may be worth the risk for you. Otherwise, I suggest you stick with your other opportunities for making a buck.