Michigan Bail Bondsman Application — Insurance is a type of insurance policy that is available to bail bondsmen in the state of Michigan. This insurance is designed to protect the bail bondsman from any potential losses they may incur due to a bail bond default. The Michigan Bail Bondsman Application — Insurance covers the bail bondsman's potential losses in the event of a bail bond default, including court costs, attorney fees, and other related expenses. There are three types of Michigan Bail Bondsman Application — Insurance policies available: Surety Bond, Bail Bond Payment Plan, and Reimbursement Plan. The Surety Bond policy provides protection for the bail bondsman against any potential losses due to bail bond defaults. The Bail Bond Payment Plan policy provides protection from any potential losses due to a bail bond default, while the Reimbursement Plan policy pays out a fixed amount of money to the bail bondsman in the event of a bail bond default.