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Money is fungible.
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Toenails are fungible.
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So they are issuing a bond, which over time will be paid back from Tuition and state issue funds
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Certainly insurance will address most or at least some of it. They would have a sizable retention I would guess....however.
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Yeah I thought I read that insurance was covering a significant portion of the payment.
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That is not how bonds work. And if they are also hoping for a payout from insurance, they better hope the insurer can not show they knew this was a problem or the coverage is void.
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That Makes a lot of money no?!
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Hire wisely -- the liability could put you out of business
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I remember in 2001, when one of the ladies my ex-wife used to do daycare for confided in me that her uncle used to sexually abuse her, I wanted to travel back in time and castrate her uncle.
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