2 things:
- power failures
- power surges
These things are totally unforseeable. The only way to deal with power failures is with a good UPS. They are often accompanied with power surges. Only a good surge suppressor can deal with those. Also, when there are power surges due to lightning and such, then you also need to be sure your network/internet/modem connections are also protected. What is the cost if you don't? Total loss of data and system functionality. You might go for 3-4 years without any incidents, but when it happens, either you are protected, or you are toast!
FWIW, good UPS systems will also provide good surge protection, but you need to also protect your external internet (cable/dsl/modem) connections. Laptops have built-in power failure protection (their batteries), but when plugged into system main power, then you also need some external surge protection (a power strip with surge protection is usually adequate). For your desktop/side/underside workstations and servers? A good UPS is money well-spend, in my opinion.
One aphorism comes to mind with this - hope for the best, but plan for the worst!