Charlie,
Actually the drive does not put out a higher voltage. A higher voltage is seen by the motor due to refelcted waves between the motor and drive, that build up to high levels. Also, on non-inverter duty motors, a lot of times you would have bearing failure because stray current on the shaft would go to ground through the bearings, causing severe pitting. leading to faiulre. You should always have insulated bearings on the motors.
Matt,
The cable length between the drive and motor needs to be as short as possible, and it should be a multiconductor armored cable with 3 concentric grounds, twisted within the cable.
Motors not only need to be inverter duty rated, they need to be tested specifcally with the drive. The drive manufacturer should be able to tell you this info.
Robicon drives, and marathon motor websites have a lot of good info.