https://techcrunch.com/2023/04/21/cloud-outage-insurance/

Companies collectively spent $61 billion on cloud infrastructure in Q4 2022, and there’s more growth to come. Yet, businesses are poorly protected from losses caused by cloud downtime.

“Cloud service providers typically offer service level agreements (SLAs) that outline their commitments to service availability and performance,” AV8 general partner Amir Kabir told TechCrunch+. But while penalties are usually involved should agreed-on service levels not be achieved, these rarely cover full losses that a cloud outage could cause its customers.