Yes, maybe somewhere in the middle of the cable...
Quote from winch safety tips:
The heavy blanket or what ever you use on the cable while winching helps the cable to go toward the ground instead of up where it could hurt or kill someone.
[end quote]
Of course, the ability to use a remote from several feet away is a good idea. The blanket/coat over the cable would be a good idea if you had to actually stand by the winch, in direct shot of a broken cable or within a few feet of the cable itself.