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In this video tutorial, Rob Freeman explains the concept of a "hold harmless" clause and its significance in the field of insurance. A hold harmless clause is a legal provision found in contractual agreements, such as leases between landlords and tenants or construction contracts among owners, general contractors, and subcontractors. This clause shifts liability from one party to another, offering a legal safeguard. For example, in a lease agreement, the tenant may agree to indemnify and hold the landlord harmless for any claims related to bodily injury or property damage arising from the tenant's actions. Understanding this clause is crucial for managing risk in various agreements.