That phase loss event took out our freight elevator; the motor itself was protected as it is run from a VFD, but the 480v-to-120v control transformer was connected to the dropped leg on one side. This lowered the control power's voltage to somewhere (I'm guessing) around 70vac or so. This in turn cooked the coil on the 100A e-stop contactor ahead of the VFD. The switchmode power supplies didn't care about the low voltage, but that contactor sure did.
After replacing the contactor coil, I added phase loss protection to the control power circuit. If the PLM sees anything wonky with the incoming 480v power, it opens the 120v side of the control power circuit; no control power, no worry about damaging the contactor or other 120v loads.
We could have saved four days of downtime - and the $150 cost of a new contactor coil - if the original panel builder had included a $60 PLM relay. Needless to say, I'm a fan of PLM's.
SceneryDriver