Definition:
Insurance – the act of insuring, or assuring, against loss or damage by a contingent event. (Webster Dictionary)
We’re all used to buying insurance: home, car, life, and the list goes on. In business, we insure our data with backups and disaster recovery against power outages, fires, hurricanes, and the employee that just happens to make a wrong click in the wrong spot. We pay insurance for the event that we hope never happens, and when you think about it, it’s basically a sunk cost until you need it - praying you never do. That brings up the question:
