I NEVER take anything electrical for granted. Certain additional precautions may not be foolproof, but I at least do everything possible to try and prevent disaster.
I got my degree and took the CPA, but my Dad has been an electric/plumbing contractor for 41 years. As a small child I was "free" labor. He made me get my elec and plumbing license as "something to fall back on." Glad he did. My brother will take over his business and I still take on the odd job with my brother for extra guitar money.
It's pretty common today that white is neutral, black is hot and bare is ground. It wasn't so long ago that it was up to the particular electrician whether he made black OR white hot. Either will work, just be consistent. Still a LOT of buildings out there with white as the hot wire. Imagine a club owner of an older building decides he wants to add an outlet himself. Reads a book and wires it as black=hot. Runs a feed line to the box, pays no attention to all the black wires on ground bar and runs his black into the breaker and his white and ground to ground bar. I went into that long boring piece just as an example of why to never take electricity for granted.
On the flip side, if you have a 3 prong plug and your outlets in an older home are only two prong, it's an easy fix. Buy a 3 prong recepticle and pick up some scrap wire. Usually bedrooms, living rooms, dens and so forth are 14g and kitchen, dining room, bathroom, garage and outside are 12g. 14g plug circuits will be in a 15A breaker and 12g in a 20A breaker. Take a scrap piece of white and hook to the green ground screw on new plug and the other end around the silver colored screws on the side. Silver colored side is neutral and polished brass is hot. Hook your existing wires in the wall to the appropriate hot and neutral side. You've essentially completed the same circuit in an older home with out a ground run.