Tool for machining a workpiece, comprising: a cutting insert; and a cutting insert holder comprising a first cutting insert receptacle extending along a first center axis and a second cutting insert receptacle extending along a second center axis, into which the cutting insert is selectively receivable; wherein the first and second center axes intersect at an imaginary crossing point located in a region that is covered by the cutting insert when the cutting insert is received in the first cutting insert receptacle as well as when the cutting insert is received in the second cutting insert receptacle.