You’ve not mentioned what editing system you use (Pc or Mac, Avid or Prem Pro or some other) and whether you have projects and media on the same drive, or projects on internal drive and media on external drive.
Anyway, for an Avid MC system (would apply to Prem Pro too), system I have Carbon Copy Cloner clone my internal drive to an external drive once a day. Back when external drives could be used to boot a Mac from (pre M1/M2 Mac), an external SSD clone of the internal drive would enable one to boot from one external drive and have all of one’s work intact. If once a day was insufficient, then that external SSD could be left connected and cloning could be set to happen once every 2-3 hours.
As for the external drive with the media files, you can keep a spare drive connected, and have Chronosync sync the two, daily or once every few hours. So that as you add media to the external drive, the Chronosync clone would automatically have that media updated with folder structure intact.
If your external media drive failed, you could rename the clone drive with the same name as the original failed drive, and once you open your project all media will automatically relink because the system would ‘see’ that clone as the original.
For offsite backup of your project files, you could use Google Drive, or Dropbox to keep a continuous cloud backup.
If you’re not comfortable saving these on the cloud, then you can keep a clone drive at another location (office/home) and have a utility like Resilio Sync or SyncThing, to sync a folder/s on your work system in sync with a folder/s on the remote backup.