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Creating a privacy policy is a crucial step in launching your online business, but it doesn’t have to break the bank. Here’s what you need to know about the costs involved and the risks of not having a policy at all.

How much does a privacy policy cost?

The price of getting a compliant privacy policy drawn up really depends on your business, the types of data you collect from customers and any applicable data protection laws.

Hiring a lawyer to draft a bespoke policy can get expensive for small businesses and startups, with fees running up into the thousands. However, you don’t necessarily need a lawyer to write your own custom policy. In fact, many small business owners use a free privacy policy generator.

While it’s a one-size-fits-most solution, using a privacy policy and terms of service generator like GetTerms is a quick and cost-effective way to get started without having to sift through legislation and write everything from scratch.

Depending on your needs, you can choose from our Free (Basic) or Comprehensive Policy Packs for your website, mobile app, eCommerce store or blog.

Why is a privacy policy important?

In an era where consumers are increasingly wary about sharing their personal data, having a transparent policy is key to building trust and complying with the plethora of online privacy laws that exist today.

The penalties for noncompliance can be particularly harsh. For instance, if your business is based in the US, you could be fined up to $2500 under the California Online Privacy Protection Act (CalOPPA) for not featuring a privacy policy on your website.

While it takes more than just a well-written policy and terms and conditions page to comply with today’s strict online privacy laws, it’s a good step towards better protecting your business and customers online.

Download a free privacy policy template for your website

Simply fill out your details to create your free website privacy policy. Create your privacy policy now.