A dynamic fuse element is provided in an inline power circuit to provide an electrical current protection level that varies in accordance with allocated current levels and that can respond to current spikes that are not expected. The dynamic fuse element comprises a processor aware of allocated current levels and an inline switch controlled by the processor to turn OFF in the event of a fault. In another aspect ferrite fuses may be provided for relatively low-current applications. In yet another aspect test fuses may be placed on the circuit board to verify that fuses used in manufacture operate at a certain current level.