Data recovery specialists can do a remarkable job of getting data back from failed or damaged hard drives, but you'll often pay a hefty price for the privilege. As such, the newly introduced data recovery insurance option from Kroll Ontrack and Covertec sounds like a sensible investment.
For $50, you get three years insurance covering recovery on a specified device, to a maximum of $1,000. (Once you've made a claim, you'll need to take out a new policy.) For critical business or personal data, it seems like a pretty good bet; it's certainly a lot better than getting stuck with a massive bill when you can't afford it.