If you're talking about a cheap switch, the Daiwa CS201 immediately comes to mind.
By coincidence, I justed measured the losses and isolation of this switch with a NanoVNA.
results are:
1- LOSSES:
- 50Mhz: 0,01dB
- 144Mhz: 0,01dB
- 430Mhz: 0,15dB
These losses are so low that you can argue if they're caused by the switch or by inacurate measuring.
In any case, they are neglectable (up to 144Mhz).
2- ISOLATION:
- 50Mhz: 74dB
- 144Mhz: 60dB
- 430Mhz: 50dB
These measurements show that although the results are a bit worse than the DAIWA specifications, this switch is perfectly usable on HF and up to 144Mhz.
Bear in mind that strong signals on HF can easily be around -30dBm and receivers are capable of hearing signals of -120dBm without any problem.
That's a 90dB difference! With a - perfectly adequate- isolation of 70dB, Of course you will hear them on the other port.
Can you damage your rig by sending 100W on one port with another rig on the other one?
No, 100W is 50dBm. With 70dB isolation, only -20dBm of this signal is presented on the other port which is strong, put perfectly acceptable for any receiver.