Here's an interpretation letter from OSHA that sort of speaks generally to your question:
OSHA appears to only require red color for flammable situations and yellow for personal danger situations:
There is also a standard (ANSI Z535.1 which includes these color usages:
[blue]What is ANSI Z535.1?
ANSI Z535.1 American National Standard for Safety Colors is one of six individual standards that make up ANSI Z535.
ANSI Z535.1 is a standard that describes the color codes that can be used on accident prevention signs, labels, and tags. This also includes the marking and location of first aid equipment, fire extinguishers, trip/slip hazards, and other potential hazards or safety equipment.
ANSI Z535.1 color codes are set for nine colors and their combinations.
The use cases for each color are as follows:
Red: fire protection equipment, danger signs, containers of flammable liquids, stop buttons and switches, and lights at barricades
Orange: signs and equipment designating dangerous or energized machines or equipment
Yellow: physical hazards including those concerning falling, tripping, and striking, and designating caution
Green: designates safety information and first aid equipment
Blue: designates information not immediately safety related, such as property or security policies
Black, Grey, Purple, White, and combinations of Black, White and/or Yellow: the use cases of these colors may be defined by the end user
Using ANSI Z535.1 color codes helps to create a unified look for these hazards and equipment, which could help to increase a worker’s recognition of them and increase necessary reaction time to hazards or emergencies.[/blue]
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