A crisis within a crisis: Insurance rates skyrocket for child care centers

The rising cost of liability insurance has created a crisis for child care providers, forcing them to raise tuition fees and impacting families' finances.

Approximately 80% of child care providers reported an increase in liability insurance costs in the last year, stressing the fragile financial state of these centers.

Many child care providers, like Windham Raymond School Aged Child Care, face policy cancellations without a just cause, reflecting a trend where insurers are looking for reasons to drop coverage.

The recent shifts in liability insurance coverage are straining child care facilities, leading to tougher operational challenges and financial burdens for families relying on these services.

Read at Fast Company