What happens to my crypto if my Ledger breaks?

Good day, I'm curious about a situation regarding cryptocurrency storage. Let's say I've been using a Ledger device to securely hold my digital assets. Now, what would be the fate of my crypto if, unfortunately, my Ledger device malfunctions or breaks down? Would I lose access to my funds permanently, or is there a way to retrieve them safely? It's important for me to understand the contingency plans in case of such unforeseen circumstances. Thank you for your attention to this inquiry.