Fortunately the sort of VFD boxes folk of us are likely to get involved with generally don't have the continuous over voltage capability likely to damage a motor in decent condition. The sharp edges and spikes inevitable to VFD operation can be unkind to older insulation though.
In practice a non-issue although sometimes you just get unlucky.
Magnetic saturation is more of an issue. Many motors have a maximum frequency specification, typically in the 70 to 80 Hz region. When driven above this speed using the appropriate voltage for full power things go into saturation and power falls off. Even if unspecified this applies to all motors so the simple short hand of "constant power above rated frequency" no longer applies. You can still drive the motor considerably faster but power does drop off.
Not a worry for us. We generally need real power at lower speeds. High speeds mean small work, small drills or small cutters which simply can't take serious power.
Vector drive VFD boxes often have torque boost settings which overdrive the motor over part of the run up speed range to get more torque when starting heavier loads. Can be very helpful with compressors. I've cured a couple with iffy starting on rotary converters by swutching to VFD boxes.
Good brand vector drive inverters are remarkable beasts and do an excellent job of giving the motor just enough electricity to do its duties leading to cooler running and a kinder life. Except for those dratted spikes.
Clive
Edited By Clive Foster on 03/10/2020 18:33:20