Genius. I'm definitely doing that when I wire up my electronics for the new build, even just for peace of mind.
I just did some reading, Taylor uses a 5-milliamp fuse. Where in the chain would be the best to put it? I was thinking right after the output jack. As much as I myself don't want to suffer from horrible electric shock, I imagine it mustn't be good for the electronics of the guitar too, so putting it right after the jack might save the equipment as well.
You install in the same place as Taylor, the bridge ground. If you install it as part of the output and the fuse blows then you will no longer have output.