Anyone who has used one of the early pistol drills, with a motor of 350 Watts, will confirm that they will twist out of your hands. A larger motor has the capability to injure you more seriously.
Your machine has a motor, and if you get caught in the work or a cutter that is revolving, you WILL get hurt.
One rap on the knuckles should convince you to treat any machine as being dangerous.
Even a tool in a toolpost will cut you. It cuts much harder materials than flesh, so will soon slice open your hand or arm.
You want to spend time in the workshop, not in A & E!
Guards are there for your protection, if available, use them
I am not suggesting going to the extremes of a full safety suit, but take sensible care at all times.
Howard.