Yes, but most 1911 models have the "dual safety" feature which requires you to actually hold the weapon properly before it will fire, so at least there is that...
I have a Colt 1911 that was used in WW2 by my wife's great uncle in combat. I also have the belt and two extra clips with the clip holder. Someone told me it was worth a good bit of money, so I don't carry it much.