Which material circumstances do not need to be disclosed by a manufacturing company in an insurance proposal?

In the context of insurance proposals, particularly for manufacturing companies, there are certain material circumstances that do not need to be disclosed to the insurer.

Factors which lessen the risk are aspects that, if made known, would not have a bearing on the underwriting decision, as they are inherently positive and mitigate risk for the insurer. Similarly, details about a trade that insurers regularly underwrite are considered common knowledge within the industry. Insurers are expected to understand the typical risks associated with certain trades, and therefore, such information does not need to be specifically disclosed.

Moreover, information that the insurer's risk survey should have revealed is also not required to be disclosed by the manufacturer. Insurers conduct their own investigations and assessments of risk, which would include any necessary information that they might otherwise seek to gather from the insured. Therefore, if this information should be uncovered during a risk survey, the manufacturer is not held responsible for preemptively disclosing it in the proposal.

Thus, the choice that encompasses all of these circumstances is accurate, as none of these material circumstances require disclosure by the manufacturing company in an insurance proposal.