What is cloud insurance ?

 Posted by Niladri.Biswas on 5/23/2013 | Category: Others Interview questions | Views: 2407 | Points: 40

Cloud insurance is an approach to risk management in which a promise of financial compensation is made for specific potential failures on the part of a cloud computing service provider. A cloud insurance policy protects the provider who is held responsible for a service that was promised, but not delivered, as well as customers who believe they did not receive promised results. Cloud insurance may be included as part of a service level agreement (SLA) with the provider or it may be purchased separately through a third-party insurance company.

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