Geeto,
I used a Pingel model 620, it cost $80, fits 7/8" bars and passes current in the "rider attached" condition. I also tried a $20 Emgo unit. I was not confident in the switch mechanism (less positive than the Pingel), it seemed possible that biker movements other than actually falling off the bike could cause the bike to cut off.
Using an additional switch means there are now 3 switches in series with power to the ignition: key, dead man, and kill. I chose to use a relay so that the 3 switches were in series on the control side of the relay, and the power to the ignition takes a more direct route from the battery:
battery:fuse:relay:ignition
instead of
battery:fuse:key:kill:dead man:ignition.
Probably not necessary but it seemed like a good idea at the time plus I heard a fellow racer complaining that his biken was cutting out intermittently and he suspected his dead man switch.
Another thing I did was wire it so that I could bypass the dead man switch by changing wire connections around at "connection central". My 750F has a special connector box mounted to the frame, if you have a K bike "connection central" may be in the headlight bucket.
Probably more than you needed to hear, but I hope some of this was helpful.
BTW: pics of the switch here (scroll down):
http://www.thepeanutslab.com/3hm.html