Flight cancelled – forced to extend time abroad. Compensation?

I booked an easyJet flight from London to Zurich several months ago. I also have an annual Coverwise travel insurance policy. I am a Swiss citizen but resident in the UK.

I was scheduled to return back on the 23rd of March but easyJet has cancelled that flight. I am able to get a refund or change my flight date on easyJet but the next available date is not clear and looks like it will be after the 23rd.

Is there any compensation for the extra expenses of hotels (not yet booked) and subsistence for the extra days in Switzerland from either the airline or the travel insurance?