Mr Sunak’s assurances come after the Association of British Insurers warned today that the vast majority of businesses will not have purchased cover that extends to closures as a result of coronavirus.

A spokesperson said: “Standard business interruption cover – the type the majority of businesses purchase – does not include forced closure by authorities as it is intended to respond to physical damage at the property which results in the business being unable to continue to trade.

“A small minority of typically larger firms might have purchased an extension to their cover for closure due to any infectious disease. In this instance an enforced closure could help them make the claim, but this will depend on the precise nature of the cover they have purchase:

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