Isn't that only a serious risk if you are using it as cloud storage as opposed to cloud backup? If you're using it for backup, your only risk is that you won't

Isn't that only a serious risk if you are using it as cloud storage as opposed to cloud backup? If you're using it for backup, your only risk is that you won't have a backup for some period of time during/after a shut-down, until you have uploaded your local copy to a new provider.