Your Privacy
A properly written Privacy Policy tells customers what data you collect about them when they engage with your business (e.g., through your website) or purchase one of your products/services, and why you're collecting that information. It also lets people know how long their information will be stored, who can access these records and more.
Cookies
A cookie policy is at the heart of compliance with most major data privacy legislations in the world – while some laws require end-user consent and others opt-out options for visitors, almost all require your website to keep an updated account of all cookies and trackers, and to make this available to end-users visiting your domain.