Exhibit 5.1

November 5, 2010

AMERISAFE, Inc.

2301 Highway 190 West

DeRidder, Louisiana 70634

Subject: 77,033 shares of common stock, par value $.01 per share, to be offered Pursuant to the 2010 Restated Non-Employee Director Restricted Stock Plan

Ladies and Gentlemen:

I am acting as counsel for AMERISAFE, Inc., a Texas Corporation (the “Company”), in connection with the issuance of up to 77,033 shares of common stock, par value $.01 per share, of the Company (the “Shares”), pursuant to the Company’s 2010 Restated Non-Employee Director Restricted Stock Plan (the “Plan”).

In rendering this opinion, I have examined such documents and records, including an examination of originals or copies certified or otherwise identified to my satisfaction, and matters of law as I have deemed necessary for purposes of this opinion. Based upon the foregoing and subject to the qualifications and limitations stated herein, I am of the opinion that the Shares are duly authorized and, when issued and delivered in accordance with the terms of the Plan, against payment of the consideration therefore as provided in the Plan and having a value not less than the par value thereof, will be validly issued, fully paid, and nonassessable.

My examination of matters of law in connection with the opinion expressed herein has been limited to, and accordingly my opinion herein is limited to, the laws of the State of Texas. I express no opinion with respect to the laws of any other jurisdiction.

I hereby consent to the filing of this opinion as Exhibit 5.1 to the registration statement on Form S-8 filed by the Company to effect registration of the sale of Shares under the Securities Act of 1933, as amended (the “Act”). In giving such consent, I do not hereby admit that I am included in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.

Sincerely,

/s/ Todd Walker

Todd Walker