Peanut makes a very good observation. I'd like to add a little. The safety factor is in fact there to ensure people operate safely. The safety factor should also be considered for a NEW, PERFECT condition component. Any degradation to a component, i.e., crane, wire rope, nylon sling, Kubota RTV, dramatically affects the ability of the component to safely perform its' function. That's why it is so important to inspect items used to ensure your safety.
I've received extensive rigging training within the nuclear utility industry. Some of you may have worked in this very safety oriented business. The training I was in included new non-nuclear experienced yet VERY experienced industrial riggers. To my surprise some of these industrial riggers have used the the safety factor when selecting slings to rig components. Example, the statement was made that a smalled capacity sling can be used since they are really capable of 5 times the printed capacity. Folks, that is for a NEW PERFECT sling. By the way there is no such thing as a perfect sling.
Long story short, please be careful at all times. Mistakes can lead to accidents that can create widows, widowers, and childrren without parents or grand parents. Who wants that????????????????????????