Insurance term
Hold Harmless Agreement
A hold harmless agreement is a contract in which one party agrees not to hold another party responsible for certain losses, injuries, or claims. In insurance and risk management, it is often used to shift liability between businesses, contractors, landlords, or event organizers, but it does not replace insurance coverage.
Example
A contractor may sign a hold harmless agreement promising to protect the property owner from claims arising from the contractor’s work.
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