I wouldn't suggest such powerful or complicated shields as Lion4K did. My suggestion is to add a ballistic shield made of advanced alloy.
This shield is much stronger than wood and iron and has a durability of 559. It usually takes a strong hit dealing five hearts or more to affect the durability. However there is a downside, the shield is weak to pickaxes, drills, and mining lasers. These tools will always affect the durability and, like an axe, have a chance to disable the shield.