Costs are rising rapidly for child care providers. The latest driver? Liability insurance. A recent survey from the National Association of the Education of Young Children showed 62% of educators reported difficulties finding or affording this insurance.
FOX Business' Lydia Hu speaks with Samantha Phillips, a Texas-based insurance agent who works with hundreds of childcare providers across the country. Phillips explains why this surging expense poses an existential threat to the entire child care industry.
Photo Credit: AP
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