My idea actually covers 2 major concerns that I've had in the past. 1) Keeping the "Rackspaces" of the world in check (I've had intermittent outages with them

My idea actually covers 2 major concerns that I've had in the past. 1) Keeping the "Rackspaces" of the world in check (I've had intermittent outages with them and other hosts that they never reported) and when I call them up and tell them they usually refund some portion of my monthly bill. 2) I'd like to monitor sites for additional server issues (http error codes, maybe even add future tests for alerts when speed is a concern) I wasn't thinking of fixing issues as I think that type of managed service would be very difficult to coordinate between varying hosts. I know there are services out there that currently provide 3rd party monitoring but the idea here is that you don't have to pay unless there is actually a problem in which case you can probably end up contacting your host to see what went wrong and potentially get a refund for some or all of your monthly services (per your contract with the host).