I just try not to worry about it. I do what I can to make the races I've thrown as safe as possible, such as avoiding obviously dangerous routes and cutting down on pack-racing with manifest varieties.
Otherwise, I just hope for the best. I figure if someone gets hurt and decides to sue I have a fighting chance in court to show that they knew what they were getting into and the risks involved. The forms in question are pretty useless in court anyhow.
-brad