In a properly equipped chemistry lab, people do refluxes on the benchtop all the time. This does not necessarily mean it is safest way to do it; on the other hand, most people in a properly equipped chemistry lab are trained chemists who know what they are doing. Or at least, that's the hope. University labs are a mixed bag, to say the least. I don't know what your training is, of course, so judge your own skill as you see fit.
If you choose to do it at home, I would certainly recommend you have proper PPE (safety goggles, lab coat, and so forth) as well as a fire extinguisher handy that is rated for that the kind fire. Do it in a well-ventilated space. Even a floor fan in the area would help disperse ethanol fumes. While I assume you will be handling a small volume of ethanol, it doesn't take much to start a serious fire. Never leave it unattended and keep sources of ignition away.