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CIPS L5M2 Exam - Topic 1 Question 68 Discussion

Actual exam question for CIPS's L5M2 exam
Question #: 68
Topic #: 1
[All L5M2 Questions]

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

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Suggested Answer: A

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.


by Cyndy at Apr 01, 2026, 10:48 PM

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Denny
4 days ago
I feel like options A and C both make sense because they cover important aspects, but I’m leaning towards A since it mentions the time limit.
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Julian
9 days ago
I remember practicing a question like this where we discussed insurance levels, but I can't recall if they were mandatory in the clause.
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Trina
14 days ago
I think the indemnity clause should definitely include the duties of both parties, but I'm not sure about the monetary limit.
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