The GDPR and other data privacy policy laws that have cropped up in recent years have made people more aware than ever about their rights when it comes to how their personal information is used. But just because people are more conscious about their privacy doesn’t mean they will shy away from your website if you don’t have a Privacy & Terms with Conditions posted somewhere on your site.
In fact, most potential users would take the time to see if you have these things before they even think about signing up for your service. Here are top three reasons why having a Privacy Policy and Terms & Conditions is important:
To Be Transparent With Users:-
A Privacy Policy is a document that explains to users exactly how you collect, use and store their personal data. A Terms of Service page is a document that explains to users exactly how you run your website or platform.
Both of these documents give you an opportunity to be transparent with your users and inform them of your practices so they know exactly how their information is being used. Your users deserve to know how you are using their data, so let them know.
To comply with laws and regulations
Not all services need a terms and conditions page, but certainly all services should have a privacy policy. If you collect any type of user data, a privacy policy for website is required in many instances by law. Privacy laws like GDPR have become more stringent and robust over time since data breaches have become so common and worrisome for users.
Having a privacy policy on your site allows users to see how their data is handled, how it is stored, and how it is used. This lets them make informed decisions as they decide whether or not to use your service. It’s also good for you. Having a privacy policy can help eliminate some of the legal risk of being sued for mishandling user data.
To serve as a legal protection for your platform
The more transparent you are with users, the more legal protection you will have against lawsuits. If you are sued, it’s a lot easier to defend yourself if you can point to your Privacy Policy or Terms & Conditions and say that you made users aware of how you handle their information.
It’s also a lot easier to get out of paying fines if you are found to be non-compliant with laws and regulations if you can show that you’ve made it clear in your Privacy Policy that you are taking all necessary steps to meet the standards of the law.
You can’t avoid fines or liability completely, but having a Privacy Policy and Terms & Conditions can make it a lot easier to defend yourself and your company if you are ever sued.
Conclusion:-
GDPR requires that you have a Privacy Policy if you collect any type of user data, so it’s important that every company have one. You can get the draft for the privacy policy from scratch for your business.
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