The Importance of Cloud Outage Insurance

Imagine this: it's a busy workday and you're in the middle of an important project. Suddenly, your cloud service provider experiences an outage, leaving you and your team unable to access critical data and applications. Talks with customer support last for hours, with no ETA provided. You're forced to wait and hope for the best, while productivity grinds to a halt.

Unfortunately, scenarios like this happen more often than we'd like to think, with cloud service outages costing businesses millions of dollars each year in lost revenue and productivity. Luckily, with cloud outage insurance, you can protect your business from unexpected downtime and avoid the adverse effects.

Example of Cloud Outage Incidents

One of the most significant cloud outages in recent history occurred in 2017, when Amazon Web Services experienced downtime of several hours, affecting thousands of businesses around the world. In 2019, Microsoft Azure experienced a similar outage that lasted for several days, affecting multiple services and costing businesses millions of dollars.

Smaller outages happen all the time, affecting companies of all sizes. Take the case of Basecamp, a project management software that experienced a 2-day outage in 2019, leaving thousands of users unable to access their data and causing a significant negative impact on their productivity.

The Benefits of Cloud Outage Insurance

1. Peace of Mind: By investing in cloud outage insurance, you can rest assured that your business is protected in the event of an unexpected outage, allowing you to focus on what matters most- productivity and growth.
2. Financial Protection: Outages can cost businesses significant revenue and productivity losses. With insurance, you can have financial protection to help recover some of these losses.
3. Improved Reputation: Frequent outages can damage your company's reputation and lead to a loss of customers. By having insurance in place, you can show your customers and stakeholders that you take their data and time seriously, building trust and loyalty.