Robot applications, including 'collaborative robots' – cobots – designed to collaborate with humans, are in high demand, with sales and installation figures constantly on the rise. However, it is necessary to analyse the risks and opportunities of this technology and its possible social, economic, and ethical impacts. This study presents the current state of collaborative robotics, its benefits, and its disadvantages, with a special emphasis on key aspects such as safety. It presents possible policy options to enable the EU to remain at the forefront of this technology by taking advantage of the opportunities and avoiding the potential risks.