The Chief Minister says talks will take place with property owners to gauge the extent of the flood damage on Friday.
There was damage around the Island during the storm surge with Ramsey and Castletown particularly badly hit.
Allan Bell was in his constituency during the floods to witness the extreme weather.
Speaking from Parliament Street, he said authorities and government will hear what business owners are facing:
Manxman repairs expected to exceed £2.5m
The Steam Packet's flagship has been out of action since July
Treasury Minister: Taxpayer footing Manxman repair bill
Steam Packet has previously said it would be paying
Island's youngest ever MHK says he has 'a lot to prove'
Eighteen-year-old Daniel Davison elected in Glenfaba and Peel
"Clearly I'm a candidate" for chief minister - Chris Thomas
Douglas Central MHK re-elected for the fourth time