Fired at the muzzle, a representative 12ga Slug load (28.3 g, SLUG, 500 m/s) reaches roughly 12 mm (0.5 inches) into polycarbonate. That is enough to defeat a typical barrier of this material — treat anything behind it as exposed.
About Polycarbonate
A polycarbonate pane (~12 mm); true bullet-resistant glass is far thicker and layered.