There are completely independent risks that you are dealing with here. If you are a small company there is a non-insignificant risk that your cloud account will be closed and it will be impossible to find out why or to fix it in a timely matter. There have been several that were only fixed after being escalated to the front page of Hacker News, and we haven't heard about the ones that didn't get enough upvotes to get our attention and were never fixed.

Also, what we saw on Dec 7th was that the complexity of Amazon's infrastructure introduces risks of downtime that simply cannot be fully mitigated by Amazon, or by any other single provider. More redundancy introduces more complexity at both the micro level and macro level.

It doesn't really cost that much to at least store replicated data in an independent cloud, particularly a low-cost one like Digital Ocean.