What information your website collects
When the information is collected
How you use the information
The use of third parties
How a user can review and request changes to the information collected (if there is a process).
In addition, below are a couple of laws that may need to be addressed:
COPPA: If you knowingly collect information from kids, there are certain requirements that need to be listed and followed. Click here for more information.
CAN-SPAM Act: This act sets rules for commercial emails where the primary purpose is commercial advertisement or promotion of a commercial product or service. Click here for more information.
Template from the Better Business Bureau:
*This post is not intended to offer legal advice. This post is for informational purposes only. You should consult your own legal advisor for more information.