(1) An employer shall take all reasonable precautions to safeguard all trade equipment that is owned by an employee and is located on premises under the employer’s control.
(2) As used in ORS 653.285 and this section, unless the context requires otherwise:
(a) “Employee” and “employer” have the meaning provided for those terms in ORS 652.310.
(b) “Premises” means the place where the employer and the employee of the employer are engaged in the furtherance of a common enterprise or the accomplishment of the same or related purposes in operation.
(c) “Trade equipment” is limited to musical instruments and sound equipment.