Indeed, I'm aware of only one recorded death by electrocution at 48V, iirc it was a Swiss radio amateur that had done a bunch of gardening sat down sweaty in a metallic chair and reached for the one switch of his set. Probably there were other contributory causes as well, I've been zapped multiple times from much higher voltage sources (that could have easily supplied the power required) and lived.

I can't find a reference for that Swiss case though. I'll keep looking.