We have done alarms in Illinois for over 5 years and we had to obtain a license. Chicago also just initiated a no fault law for alarms. A few words of advice:
1. Do not skimp on insurance. It is going to be expensive, especially in high-end homes.
2. Make sure every single time you get a signed contract, no matter how well you know the client. You are now responsible if anything happens to the home, homeowner and its contents if you installed the alarm and say it is in working order.
3. You need to have a service department or someone dedicated to service the alarms, If there is a fault, you need to be at the home ASAP and address the issues.
4. There have been some very large lawsuits lately concerning improperly installed alarms and no signed contracts.
5. If you are doing high-end homes with high net worth individuals, you need to understand how to properly secure the residence, which could mean all doors, all windows, motion detectors, heat detectors, smoke detectors, temperature monitoring, water detection and Carbon Monoxide detection. It is not uncommon for the proper alarm system to cost $10-$20K, and you have just taken on a lot of responsibility.
I would take my time getting into alarms and really consider if this is something you can dedicate the man hours to and want the responsiblity for that home. We have started to just do the pre-wire for the alarms and install the equipment and hand off the actual monitoring and support to a secondary alarm company. We get a cut of the monthly monitoring and get the pre-wire labor and equipment margins, but no long term responsiblity.


