I run a large ball valve at the outlet of the compressor tank which isolates the entire system downstream. I also install ball valves at each drop, such that the hoses at each drop are isolated unless in active use. I've seen what a hose will do when it fails under pressure; I don't want a whipping hose to smack anything of value (particularly one of my vehicles) in my shop.
When I'm not present, all valves are closed and the contactor for the compressor is "OFF". When I'm using compressed air, the contactor is "ON", the ball valve at the tank is open, and the ball valve of whichever drop I'm using is open.
I also drain the tank every day.
