Take the same precautions in your workshop as you do in your home.
Install smoke detectors and keep a fire extinguisher on hand that’s rated for fires involving wood and cloth, flammable liquids and electrical equipment. Mount the fire extinguisher near an exit and make sure it is ready to use.
Keep oily rags in covered metal containers and make sure flammable liquids are stored safely. Keep the shop clean, paying particular attention to switches, motors, and space heaters.
— Sallie Ross-Filgo, SLTFD