Since I am not a lawyer and therefore unfamiliar with the potential liabilities I might incur by not including that disclaimer, I would rather cover my ass.

https://law.stackexchange.com/questions/683/usa-is-i-am-not-...

Also, are you a lawyer, and is that legal advice? :)

Sure and yes it is.

There are no repurcussions for not having that antiquated disclaimer. Which wouldn't hold up even if there was some magic that allowed a case to be brought