L5M2

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The dumps for L5M2 exam was last updated on Apr 03,2026 .

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Question#1

There are three main areas where third party suppliers are used in risk management.
What are they?

A. contract negotiations

B. supply chain management

C. credit ratings

D. risk auditing

E. disaster recovery

Explanation:
3 4 and 5 are the correct answers. This is from p. 79 of the textbook - each of these three areas is then covered in detail throughout chapter 2.2.

Question#2

Kevin is a consultant who works for himself and is predominantly based at home, except for when he visits clients. He has recently taken on a role advising a client about the feasibility of building a new railway station in a village.
Which of the following insurances would be vital for Kevin to take out?

A. product liability

B. public liability

C. trade credit

D. professional indemnity

Explanation:
As a consultant he will need Professional Indemnity insurance. This insurance is for roles that include providing advice, designs and services. Insurances comes up a bit in the exam so revise this from p.96-100

Question#3

What is the job of an underwriter?

A. to assist a buyer in selecting the correct insurance

B. to advise required insurance levels for a contract

C. to evaluate insurance applications

D. to determine the validity of an insurance claim

Explanation:
An underwriter evaluates insurance applications. Learn the difference between Insurance Underwriters and Claims Adjusters for the exam - this is a known topic. (A claims adjuster determines the validity of an insurance claim).

Question#4

The CBCI and DBCI are professional qualifications in which area?

A. supply chain management

B. ethical business practices

C. environmental improvements

D. business continuity

Explanation:
These are qualifications in business continuity. This comes from p.107 of the study guide. CBCI stands for Certificate of the Business Continuity Institute and DBCI Diploma of the Business Continuity Institute. Once you know what the acronyms stand for, the question is quite easy!

Question#5

An indemnity clause should contain which of the following pieces of information 1) duties of both parties 2) a monetary limit 3) insurance levels 4) details of the breach 5) a time limit

A. 1,2,5

B. 1,3,4

C. 2,4,5

D. 3,4,5

Explanation:
Indemnity clauses should contain duties of both parties, a monetary limit and a time limit (1 2 and 5). It should also detail what types of costs are covered. These four points are explained on p.61. An indemnity clause doesn't necessarily signal a breach in contract, and levels of insurance are not relevant here.

Exam Code: L5M2 Q & A: 120 Q&As Updated: Apr 03,2026

Full L5M2 Exam Dumps Here

Exam Code: L5M2
Q & A: 120 Q&As
Updated: Apr 03,2026

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