A 480V 3 phase panel fed from a 480Y/277V (wye source) where the neutral is not brought to the panel require a lower insulation system.
A 480V 3 phase Delta system requires a higher insulation system because if one leg goes to ground, the voltage on that phase can go to at least sqrt 3 times the phase voltage.
Hence you will see that 3ph, 3wire 480V Delta will have a 600Vac maximum rating whereas a 480Y/277V will have maybe only a 480V maximum rating.