RECHT=LAW.
SCHUTZ= PROTECTION.
VERSICHERUNG= INSURANCE.
This insurance is paying Your lawyer and a court costs.
Theoretically totally easy, but really in Germany is nothing easy. Specially in insurances world. The typically insurance has a 4 sections:
PRIVAT – for private things.
BERUF – for everything what has to do with your profession.
VERKEHR – traffic, no matter if car, or plane or bicycle or on feet or train or what ever
IMMOBILIE – property or as an owner or as a renter.
Privat – when You have stress with somebody, like for example: Your 3 years old daughter has been hurt in the hospital. To get some compensation you need a lawyer. Your travel office sold You a trip that was terrible, You need a lawyer. You downloded something from internet and now You got a bill over hundreds of €, you need a lawyer.
Beruf – almost everything what has to do with You as employer. When Your boss doesn’t want to give You free or a home office, or You got a not fair termination from Your employment contract, or what ever has to do with Your job.
Verkehr – traffic, movement, traveling. Doesn’t matter how with what and from where to where, it is about to have somebody at Your side when You need a help. And the insurance pays for it.