Earlier quoted context omitted.
The company I work for has cloud hosting contracts which state if the service goes down, they are liable for a certain percentage of lost revenue due to the outage. This comes with a 100% uptime guarantee, including several failovers. We pay dearly for it, but if you need something specific, you'll likely be able to negotiate a contract based on what you need. If it's not in the contract, you won't get it was my poin…
Fair enough; but you're still going to limit your liability. Assume your customer spends $10K/month with you; or $120K/year. Would you ever commit to compensating them $1MM+ in the event of an outage? Of course not. It would be business suicide. If you want that level of uptime, you build out your own place (i.e. Amazon, Facebook, Google). If you're not big enough to build your own, you live with the possibility of d…
But this is all getting off topic. What I was originally addressing was the OP's comment of "sorry, we lost your stuff, oh well". If you want that peace of mind, you're going to be paying for it.