In fairness that is not a fair comparison, because all hosting providers can suffer from hardware failure at any moment in time, and this is a fact without any exception.
It’s up to us to have an effective backup system for the servers we run, and one that’s different from the hosting provider.
Even the author of the post acknowledges that:
Think about this for a minute: what are you going to do when one of your servers would disappear right now? I hope you take away from this story that you should always backup your servers. A hardware failure can happen at any given moment. Do not solely rely on backups from your own provider. Take your own backups as well. Use tools like BackupPC, Bacula, or a service like SnapShooter.