The latest forecast from the Met Office indicates that there will be severe weather over the next 24 hours.
Police say a combination of expected rainfall and a high water table currently means there is an increased likelihood of localised flooding, and it is highly likely there will be standing water in some areas.
They are urging people not travel unless it is absolutely necessary, especially drivers of high-sided vehicles.
There is a likelihood of fallen trees on the Island's roads particularly on Friday morning and anybody who is out is urged to drive carefully and take note of the conditions.
Property owners are being advised to make sure their homes are secure and that any items that are free to blow away are tied down.
Manx2.com says it will continue flying in and out of Ronaldsway until around 3pm today (Thursday) but will then cease operations for the day.
Any passengers unable to fly this afternoon will be rebooked on flights tomorrow.
Anybody who has booked to travel after 3pm today should contact reservations on 0871 200 0440.
The Steam Packet Company is also blaming severe gales in the Irish Sea for disruption to ferry services.
All of its planned sailings, including the Heysham crossing at 2.15am tomorrow morning, have been cancelled.
Passengers have been advised to contact reservations on 661661 to arrange alternative sailings.
A number of this evening's sporting and other events have been called off because of the weather.
They include Junior Golf at Mount Murray; Colby AFC junior training for the under-13 and under-15 teams; and the Three Lions coaching session, which was due to be held at Auldyn School at 4:30pm.
Western Athletics Club's session at QEII is off, as are all this evening's activities at Department of Education properties.
All Isle of Man College courses, at all its centres are off, but schools will close at the normal times this afternoon.
The monthly meeting of the southern branch of the Liberal Vannin Party has been postponed, because of the weather.
It had been due to take place at the Albert Hotel in Port St Mary this evening.
Members will be notified of a new date in due course.