Bleed refers to the extra space included in a design that will be trimmed from the final product after printing. Including a bleed on your artwork ensures that your design will print to the edge of your item and not leave an unprinted border.
To include a bleed on your artwork, you will need to make your artwork dimensions larger than the finished size of your label. For sheet labels, we recommend including a bleed of at least 0.125.”
You can find all 300+ templates that support full bleed and edge-to-edge printing at https://www.sheetlabels.com/edge-to-edge-printing