Since the drowing here in Orleans a couple years back most licensed agencies have banned homes with pools and many won't even allow a kiddie size pool in their homes. Not sure what the insurance industry view is in terms of have they all taken the same stance or not.

I do find it a bit disturbing that even without having the experience of your own kids around the pool that you are just assuming that it won't be an issue for the daycare kids either. One kid climbing on a trike or being boosted by an older kid to peak in or whatever is all it takes. The risk in lieu of a few feet of fencing is not worth it in my view.