Yep, depending on exactly what you're doing there are a few ways. Unless you're VERY well off or have a fleet of cars it's almost never worth it.

Surety bonds are one way, and you're talking about self insurance. Many states offer one or both, and the self insurance route can be anything between 10k and 127k depending on state law.

But I'm sure that guy is talking about some paperwork you can file to make other people pay when you rear end someone without a driver's license.