The rabbit's white fur serves as 'protection from' predators during the winter.
His store was burned down because he refused to pay for 'protection'.
The policy offers complete 'protection against' fire and theft.
(..) Lily and James... ... put their faith in the wrong person, Severus. Rather like you. The boy survives. He doesn't need protection, the Dark Lord has gone. The Dark Lord will return. And when he does, the boy will be in terrible danger! He has her eyes. (..)2011 Harry Potter and the Deathly Hallows: Part 2