The Specifics
I've just recently started using more equipment. My set-up consists of two external monitors powered by a laptop (15" late 2011 MacBook Pro if that matters). I have a docking station, an external hard drive, a set of speakers, a printer, and one or two other small devices (tablet, phone, etc.) also connected to outlets.
Some General Question(s)
How should I (or anyone) go about connecting their valuable equipment to electricity in a way that protects it from standard sorts of electrical damage (in a residential setting)?
What equipment is really needed? Are surge protectors sufficient? Is it advisable to connect all of your devices to a single surge protected power strip, or should you attempt to spread your devices across multiple wall outlets (each with it's own surge protector)?
The Main Question(s)
What sorts of electrical damage is it reasonable to fear (in a residential setting)? What is the best way to protect equipment from this damage?