Yes, in order to operate your business more safely, securely and officially, you need to add a custom terms-of-use page to your site which tells the visitors that your site is professional and can be securely accessed by anyone.
For your organization, business, website or enterprise to be more organized and safer to leverage for users, you need to write your terms of service clearly, simply and easily. Visit the tool to get started: shopify.com/tools/policy-generator
Once you've successfully generated your free terms of service policy, you may then decide to customize, adjust certain lines of texts or any other thing as you deemed necessary until they're up to your taste.
To get started right away, just fill out the form as shown in the screenshot below.
Prior to filling out the form, make sure you mark the box to skip the shopify trial for now and create just your terms of use policy.