Busted hoist.

[AUXRVIII]

Call into work today (on sick leave with hand injury) had a chat with mate who works in bay next to mine & I notice a cable lying on the ground, so I look up & see the hoist cable broken. I asked what happened, he said it snapped when lifting a Territory. The hoist would only be about 5 yrs old, the cable on my hoist was replaced at the start of the month because it was 10 yrs old. Supposed to be a common thing with this brand of hoist, not sure if I should name the brand. Anyone on here ever experienced a cable breaking on a hoist?