My wife was making pickled eggs yesterday. I asked her "How much salt are you using?" "Oh... I forgot the salt. How much should I use?" I told her to look at the recipe. She said she wasn't using a recipe and was just going to wing it. I told her I didn't want to die. :-)
This is the real danger. Although we weren't fermenting the eggs (vinegar recipe), no matter what you are doing, you need to be very careful about the amount of salt/acid you are using. Additionally you need to be very careful about sanitisation (For our pickled eggs, I showed my wife how to sanitise the jars using iodophor). Once you have that sorted out, there really isn't anything that can go wrong.
Basically follow the recipe to the letter. Read it ahead of time a few times so that you know what you are doing. Double check that you did every step and that you measured the amounts correctly. Avoid any recipe that has a "Oh it's natural, you don't have to measure anything" approach and you will be fine.
As for pests, I suppose some things may be fermented uncovered, but I've never done that. For fermented pickles, I just loosely cover the jar. The biggest pests you are likely to encounter is fruit flies -- but they really only go for yeast fermented products (they eat yeast). For things like that (i.e. making beer, etc) you want to use a covered vessel with a fermentation lock.
I've never had problems with lactic fermented things including lactic pickles, sauerkaut and even cheese (though my cheese is in the fridge most of the time and when it is air drying, I've got a cheese cloth over it). We've got every sort of beast you can imagine here (rural Japan), including 2 inch long cockroaches that can fly, venemous foot long centipedes, skinks, hunter spiders, etc (the skinks and spiders eat the cockroaches, thankfully). In my old falling down shack that I used to live in, I even had a rat that would eat all my chocolate and cold medicine, but leave the yummy, yummy grain alone (go figure).
Basically, you are right to be cautious, but you have no need to worry if you are cautious.