Slight movement of the paper on the press or movement during cutting could result in items that are supposed to bleed off the edge not quite reaching the edge -- leaving a bit of paper showing at the edges. Bleed allowance extends the image off the page a sufficient amount to counteract these slight deviations.
Elements that bleed off the page can sometimes add to the cost of printing if the printer must use a larger size of paper to accommodate the bleed allowance. To reduce costs, if possible redesign to eliminate the bleed or reduce the page size enough to fit the work on a smaller sheet of paper.

