What would provide additional protection from financial loss due to an insurance producer being sued?

Errors and omissions insurance is designed specifically to protect insurance producers against claims of negligence, mistakes, or failures in the service they provide to their clients. This type of insurance covers legal fees, settlements, and other costs that could arise if a client claims that the producer failed to meet the professional standards expected in their role, thus providing crucial financial protection.

Each of the other options does not offer the same level of relevance or protection for insurance producers. Contracting with another agent to take on liability may not be enforceable, as liability often cannot be transferred in these situations. Federal malpractice insurance does not typically apply to insurance producers since it is more relevant to medical professionals. Commercial general liability insurance covers businesses against claims of bodily injury or property damage, which is different from the professional liability concerns addressed by errors and omissions insurance. This is why errors and omissions insurance is the most effective choice for providing additional protection in the context of being sued for professional services.