If you are working around or with the transmission of high voltage electricity, production or even must handle live electrical equipment, leaving it un-insulated would risk you an electrical hazard.
An un-insulated electrical system would easily blow up to be a major workplace disaster or even a home disaster for you due to short circuits or mishandling.
And, one of the very main reasons behind why Operational Safety Authorities make insulation mandatory is because of the human cost of such hazards.
Imagine one of your live equipment mal-functioned and the high-voltage travelled from the ground to a taskforce. Therefore, an electrical wire breaking and exposing workers to live current is a grave hazzard. You company also be shut down due to lack of safety measures taken.
Let’s not forget you would be paying out in millions in insurance and damage claim.
This is where working under safe conditions is an employment right. And, as an employer, you would be doing your business and yourself the biggest favour by insulating your live wires and equipment and floorings. It is a cost-effective and long-term working solution to insure you against electrical hazards.