Speaker of the House Inspection Services offers the following tips about basement safety.

When using power tools, good lighting can reduce the chance that you will accidentally cut your finger. Either install additional light, or avoid working with power tools in the area.
Basement, garages, and storage areas can contain many tripping hazards and sharp or pointed tools that can make a fall even more hazardous. Keep an operating flashlight handy. Have an electrician install switches at each entrance to a dark area.
Replacing a correct size fuse with a larger size fuse can present a serious fire hazard. If the fuse in the box is rated higher than that intended for the circuit, excessive current will be allowed to flow and possibly overload the outlet and house wiring to the point that a fire can begin. Be certain that correct-size fuses are used. (If you do not know the correct sizes, consider having an electrician identify and label the sizes to be used.)
Use a properly connected 3-prong adapter for connecting a 3-prong plug to a 2-hole receptacle. Consider replacing old tools that have neither a 3-prong plug nor are double insulated.
Power tools used with guards removed pose a serious risk of injury from sharp edges or moving parts. Replace guards that have been removed from power tools.
Improperly grounded appliances can lead to electric shock. Check with your service person or an electrician if you are in doubt.
If containers of flammable and volatile liquids are not tightly closed, vapors may escape that may be toxic when inhaled. Check containers periodically to make sure they are tightly closed. Gasoline, kerosene, and other flammable liquids should be stored out of living areas in properly labeled, non-glass safety containers. Remove these products from the areas near heat or flame such as heaters, furnaces, water heaters, ranges, and other
gas appliances.
Death may occur when people swallow such everyday substances as charcoal lighter, paint thinner and remover, antifreeze and turpentine. These poisons should have child-resistant caps, be stored in the original containers with the original labels, and be kept locked up out of sight and reach of children.
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