Every business in any country is surrounded by legal principles. These principles are guides that help facilitate the socially acceptable norms by law, such as, land ownership and so on. Lalmuni might have rented a piece of land and most probably considered; crop insurance, credit insurance or public liability insurance. For instance, crop insurance insures the restoration of the loss of the yields in terms of revenue or the yield, in order that the insured be restored to her original position. In the case of credit insurance, Lalmuni perhaps might have also sold her products on credit or higher-purchase, and maybe not all the clients successfully paid in full. In this case, the insurer would compensate the loss. For public liability insurance, when the products somehow become poisoned and not fit for consumption, then eaten and the client becomes ill or dies, then the insurer comes-in to compensate for the damage caused.
