yea they exist and every champ can get them and every champ has it built into their kits
its CALLED DAMAGE
for example gives UNIQUE: Grants a decaying shield to nearby allied champions and yourself for up to 2.5 seconds, absorbing up to 35 +35 per lvl (based on level) damage (90 second cooldown) (600 range).
and lets say its the supports 4th item in... so lvl 10-12ish so it would shield about 35+350 for total of 385 shield for 2.5 seconds... lets take a popular damage carry champ at lvl 11
hits you with his ult doing 300+150% bonus ad plus For the next 15 seconds, Yasuo's Critical strike icon critical strikes ignores 50% of his targets' bonus armor
i think his damage would out exceed the amount of shield that
gives