In the United States, requirements for privacy policies vary by state, by subject matter and even by industry. For example, there are requirements specific to the collection and use of personal information about children under 13. There are also requirements specific to information collected in the financial services, healthcare and education industries. In Europe, separate privacy policy requirements apply under the General Data Protection Regulation (GDPR). A business will need to understand which laws apply in order to include the right disclosures in the privacy policy. Contact competent counsel to determine what privacy laws apply to your business and draft a privacy policy that complies with such laws.
Note that different rules apply to personal information that your business processes on behalf of other businesses. It may not be necessary to describe this information in your business’s own privacy policy if you have a Data Processing Agreement in place with your business partners that complies with applicable laws.