Given the same approach is used by organisations to manage their devices, I doubt this is likely to play out that way. However, if you're already a person of in

Given the same approach is used by organisations to manage their devices, I doubt this is likely to play out that way. However, if you're already a person of interest, this is unlikely to make you that much safer as any reasonable grounds for search would be used to exercise warrants against any computers you own. So, I suspect it's a reasonable protection for "slightly-more-tech-savvy-than-average" Joe's wishing to protect against opportunistic or capricious fishing for stuff, with sufficient plausible deniability ("yeah, it's a company phone") that would dissuade casual/random searches.