Buying different versions of your domain name can help protect your brand and eliminate the chances of anyone else buying the domain if it is available. You also have an increased chance of gaining more website visitors by redirecting all your domains to one website, so potential customers can reach your site regardless of which extension they use.
On the topic of dedicated hosting, many web hosting services also offer managed hosting. This type of hosting sees the web host act as your IT department, handling a server's maintenance and upkeep. This hosting option is something that you'd typically find with dedicated servers, so it's a business-centric addition. Naturally, it adds a few bucks to the hosting cost, but nothing that should break the bank if you have the resources for a dedicated server.
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