A tool system having a tool head for a woodworking machine having a cylindrical, conical or profiled main part with a tool mount defining a groove that tapers in a radial direction so as to be wider at a base of the groove, the groove having a first side wall and a second side wall opposite the first side wall, a closure element having a planar first side abutting against a planar second side of a cutting insert, a second side of the cutting insert configured to engage and connect to the first side wall of the groove, and a centrifugal wedge positioned between the closure element and the second side wall of the groove, a first side of the centrifugal wedge engaged with and connect to the second side of the closure element, the centrifugal wedge abutting against the second side of the closure element and applying a clamping force against the closure element and the cutting insert to maintain the engagement and connection of the cutting insert to the first side wall, wherein the centrifugal wedge increases the clamping force against the closure element and the cutting insert resulting from a centrifugal force applied to the centrifugal wedge when the tool head is rotated during use and wherein the centrifugal wedge is moveable radially inward and into a tool change position by turning a clamping screw in a first direction until the cutting insert is disengaged from the first side wall and be radially removed from the groove, comprising:
- a cutting insert abutting the first side wall of the groove, the cutting insert having a first side and a planar second side, the first side of the cutting insert engaged with and connected to the first side wall of the groove, the cutting insert comprising a cutting edge along a top edge of the first side thereof, the first side thereof being flat and having a longitudinally extending recess along the second side thereof, the longitudinally extending recess configured to engage with and be held relative to the tool head and having a bottom edge diagonally opposite the cutting edge defining a surface in the form of one of a bevel or a rounding, wherein the cutting insert is configured to be locked to the first side wall of the groove with a surface of a closure element abutting the first side of the cutting insert to force the cutting insert into locking engagement with the first side wall.