Being Sued By A Cyclist

Hello everyone I am a taxi driver in NYC. I got into an accident three years ago where I was at a crosswalk trying to merge into traffic. I looked repeatedly in both directions before inching up until I was in the crosswalk so I could look for oncoming cars. I did have a stop sign.
One of those times I was inching up, a cyclist came through the crosswalk, opposite the flow of traffic and the cyclists pedal got stuck in my grill and launched him about 1-2 feet in the direction he was headed.
I got out to check how he was doing, an ambulance was called and my insurance was collected by a police officer for the report but nowhere was I asked what happened, although on the police report it said that I admitted fault in the accident, which I did not.
The cyclist was taken in an ambulance and I heard nothing until I got served the papers last year.
He is asking for a large amount and I want to know how liable I am to pay it? I do have insurance and they are representing me, but should I have my own lawyer as well.
We are in the discovery phase and I am going to talk to the lawyer this week ahead of the deposition, but I’m nervous. I have been driving for 30 years and I’ve been a taxi driver for almost 10 and I’ve never faced something like this.
Any advice feedback you can provide, I would appreciate.
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