No, it’s not the same. When you go for hosting and don’t do backups, the hosting company doesn’t offer you an insurance against data loss. Now, you could get on

No, it’s not the same. When you go for hosting and don’t do backups, the hosting company doesn’t offer you an insurance against data loss. Now, you could get one yourself. However, good luck with your premiums when the insurance company finds out that you didn’t have backups. What’s the bottom line here? You’re responsible for your backups.