Definition: The word "Encompass" is a term that refers to a group of people, businesses, or organizations who share common interests or are involved in some form of agreement or cooperation, such as those who belong to an industry or sector together. The term "Insurance" generally means coverage provided by insurance companies, which covers the risks and costs associated with natural disasters, accidents, thefts, fires, etc. When used with a group of people, the word "Encompass" refers to a large number of individuals involved in a common goal.