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Seeking DL Legal Advice

I was just let go from my job. I got injured on the job and could not perform my duties for months following the injury. I haven't been able to work since April, but I was informed today that my position was being terminated. They are offering a small amount of money for me to sign away my rights, saying that I won't sue them or their parent company for damages. Technically I was not an employee. I was set up as an independent contractor, 1099, and they hired me on. I paid all my own taxes and health insurance. I worked at this job for eight years and as an independent contractor, they were my only clients. It was a part time job on top of that - 20 hours a week. The parent company of this particular company is a large corporation. Am I in a position to ask for money money than the 5K some they are offering since I was injured on the job. Or does my 1099 status prevent me from pursuing more? My possible surgery alone would cost more than what they are offering.

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