Most people don't understand what a privacy policy is, and why they need one on their website or social networks.
This is Important because the Policy is your legal agreement to people who use your social network.
In fact, if you have a store on your site, you will have to have a separate Private Policy for it as well, also if you have a classified's site.
What should my Policy say?
You will need to tell your members what should happen should "X" happen on your social or website.
For instance if you want to run a music social or site, and you have the terms of use or service up, and you have your rules or guidelines on it, and say if someone wants to be an airhead, who happens to be a subscriber who pays for specific site content, such like all members can pay 5.00 a piece to upload 50 more songs than that of standard free members, and this person breaks your rules, you kick them from the site and now they want to sue or involve a court because they paid you money to have the extra space to upload music and your social site says No refunds allowed via the privacy policy.
If you create a policy saying what the client or customer is to suspect following a banning or suspension of their account, then this goes less messy should the actual allowance of such happening.
There is a generator online for such creation of said document:
There are also other links you can also use, but this one has the policy's for all GDPR, and California Privacy act.
That way this is an easy way to say You are not liable in case someone wants to take you to court over membership of a website or social.
You can create more than one document and you can create one for all of your websites, forums, blogs or socials, and when you need to update them, you must timestamp (Or write the/type the) date and time under your signature of the document.
It is also good business if you do not add any pictures to the terms of use/service or the privacy policy except your logo or trade dress or letter head (Top of your document).
Trade Dress is a bit different than just a logo or letter head, because Trade Dress is Copyrighted, such as with "FaceBook" for example, if you use the developer apps on facebook (for login and or likes or what not) you can not name your app anything to do with "Face" or "Book" even if your app is called "Ugly Face" or "Ugly Book".
Letter Head is normally at the center top of a personal or private document, such as with a rental lease or company letterhead. You can go to a simple text generator, and create a image to represent your social on both the terms of service and privacy policy. (I use Cooltext.com)
** A special note about GDPR. If your social or website, blog, forum etc does not have people from Europe on it, you can choose to skip the GDPR. I mostly just tell people this in regards to their profile and information on my websites: "This site sets cookies. A Cookie is a bit of personal information you share with websites you log into, we do not keep a record of your information, your computer or device does. Go to Google and search for how to delete cookies in your browser, if you do not want to keep this information." (instead of typing browser type what you use, like opera, chrome, FF and so on.)
Termly also has a guide about GDPR: What is GDPR?
Also if you are in dire need of a Terms of Service or Use generator:
Termly's Terms of Service/Use Generator
This generator can help explain rules, regulations on your site. what your social is about and for and what your specifics are for your website social, forum or blog.