Yes, it does due to class 3a and b,
I think FDA should include a class 4b category, as although a 1W is powerful enough to burn skin it isn't instant, but anything over 2-2.5W I have noticed that it is a severe burn risk as my poor thumb found out.
Class IV a - Severe Eye hazard and possible burns to skin and flammable objects.
Class IV b - Severe Eye hazard and severe burn risk. Avoid exposure to beam.
A little more refining to the descriptions needed but you get the general gist.