A privacy policy is a statement that discloses some or all of the ways a website collects, uses, discloses, and manages the data of its visitors and customers. It fulfills a legal requirement to protect a visitor or client's privacy.
Countries have their own laws with different requirements per jurisdiction regarding the use of privacy policies. Make sure you are following the legislation relevant to your activities and location.

In general, what should you cover in your Privacy Policy?

What type of information do you collect?
How do you collect information?
Why do you collect such personal information?
How do you store, use, share and disclose your site visitors' personal information?
How (and if) do you communicate with your site visitors?
Is your service targeting and collecting information from Minors?
Privacy policy updates
Contact Information

We reserve the right to modify this privacy policy at any time, so please review it frequently. Changes and clarifications will take effect immediately upon their posting on the website. If we make material changes to this policy, we will notify you here that it has been updated, so that you are aware of what information we collect, how we use it, and under what circumstances, if any, we use and/or disclose it.