Let’s break down the primary reasons:
1. Your website must be compliant with all relevant laws and regulations
As a business owner, you are responsible for ensuring that your website complies with all relevant laws and regulations. This includes having up-to-date privacy policies, disclaimers, and terms of service in place.
If you don’t have them, you could be fined $2500 per website visitor.
2. Stay in compliance with insurance regulations
Many business liability insurance policies actually require that these documents be up-to-date. So not only could you be subject to heavy fines, but you could also find yourself without insurance coverage if your policies aren’t in place.
– It can help build trust with users
– It can help you avoid legal trouble down the road
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