I have a work phone.

If didn’t have a personal phone, it wouldn’t matter.

If it breaks, they have insurance to replace it immediately.

There’s no risk it will stop working because I didn’t pay the bill.

And I can’t install random crap because it’s locked down.

And they have options like remotely wipe the device, if they think something weird is happening.

From my side. The phone is turned off the microsecond I clock out.