You could still access all your funds.

It doesn’t really impact you, unless there is bad or malicious code in the device which gets exploited. The difference is that with open source code, smart people can look at it and verify that it doesn’t, but with closed source code, you just have to trust the company.

I’m not sure how much software supports ledger devices, but they are pretty common so I would assume most does. Ledger also supports shitcoins, which opens up a wider attack surface and is another thing to consider. I personally would never recommend a ledger product to anyone, but if you already have one and really don’t want to switch it, at least get ride of the dogshit ledger live software.