I think you'll find that Article 430 of NEC requires separate contactor or disconnect device and overload relay for each motor; regardless of whether or not you intend to start/stop via contactor. Protection provided in VFD will not protect individual motors.
Contactor should be rated for interrupting an AC Motor.
DC motor rated contactors typically have blow-out coils or magnets... and cannot be be used in an AC circuit...even though that circuit is bi-polar dc.
Any contactor that is rated my its manufacturer for ac motor duty, is ok. Suggest NEMA rated as opposed to IEC as an IEC contactor will likely shorten motor life.
You could also use a HP (kW) rated disconnect switch.
Some people use HP rated circuit breakers (i.e. motor protector class).
Approval to interrupt power flow from VFD output to motor must come from VFD manufacturer. Some cannot tolerate the interruption (arcing etc. occurs... poles don't open simultaneously etc...)
Some manufactures, such as Danfoss, specify that their products tolerate output contactors.
Some manufacturers add nomnal 100 uHy inductors between output terminals of VFD and line side of contactor to tolerate disruption (reduces di/dt). You could probably install 1-1/2% or 3% gapped-iron core inductors between output terminals of VFD and line side of interrupting device (contactor or disc. sw. or c/b).
Three types of emergencies:
1) danger to personnel
2) danger to machinery/equipment/process
3) danger to both
In the first case, it is ok to sacrafice anything, including VFD, to preven/limit harm to personnel
In second case, companies have different policies; many companies will allow a $5k VFd to be sacraficed as opposed to damaging a $300k machine
In third case, because of danger to personnel, VFD is sacraficable.
How much is a finger, limb, life worth .... ? How much is lost production and replacement of machine worth ?