OSHA requires that every workplace have a fire protection and prevention program. Fire safety equipment — fire extinguishers, smoke alarms, carbon monoxide alarms, fire blankets — can prevent injuries or save lives during a fire emergency. A $50 fire extinguisher can prevent $500,000 in fire damage. By storing flammable liquids in flammable storage cabinets, you can help contain fires and prevent property damage to your office, factory or jobsite.