What is a Producer? Producer[pruh-doo-ser]noun1.A Producer is an individual licensed by a State’s Insurance board to sell insurance. A Producer can be an Agent, a Broker, or a colleague of either of the two. Share | Related Content If You're In An Accident Do you know what to do if you're in a car accident? What is Risk? Do you know what Risk is? Long-Term-Care Protection Strategies The chances of needing long-term care, its cost, and strategies for covering that cost.