Regarding insulators, there is a large difference between a commercial use and something which can stop conduction of ~100V. For fooling with powerlines (huge voltages), you want to be very careful. I have been around downed powerlines before, saw someone ground off on one, and would want pretty decent equipment to handle that level of power and even then would not try it unless it was an emergency. However patches on household extension cords are commonly done with cheap electric tape.
It doesn't take much to stop conduction at that level of voltage, even air is enough at the thickness of the knife handle. You can test out the kind of forceable conduction this carries with a few 9V batteries and a lightbulb. See how much tape you need to apply before the blub will no longer light and how close you need to get with no tape. Try and see if you can get conduction through the handle of the knife, just slice a small sliver off the butt. As always, take care not to blast yourself with a bunch of batteries hooked up in chain.
The biggest problem with this kind of work, or anything dangerous in general is that in the beginning you can get careless after awhile if you don't see any problems. It usually takes a decent shock to set you back on your feet, hopefully that isn't going to be a bad one. A friend of mine awhile back ground out on 220 and burnt a hole through the middle of his hand, not pleasant.
I have taken ~100V shocks before, last time was when I was helping my brother with some revovations to a basement where some nobs thought it was funny to break off all the lightbulbs. My brother thought it was really funny to tell me the power was off when it wasn't. Don't try that at home. Karma got him a few days later when he moved a fridge that had an improper ground due to degraded wiring and the jarring during the movement gave him a decent blast.
-Cliff